- ISIN
- US53700T8760
- CUSIP
- 53700T876
- Inception Date
- Sep 27, 2018
- Category
- Nontraditional Bonds
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MAHIX Performance Chart
iMGP High Income Alternatives Fund (MAHIX) is up 2.2% since the beginning of the year. MAHIX is currently trading at $10 per share. Investors who bought $1,000 worth of MAHIX shares 5 years ago would now be looking at an investment worth $1,267.
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Returns By Period
iMGP High Income Alternatives Fund (MAHIX) has returned 2.21% so far this year and 7.02% over the past 12 months.
iMGP High Income Alternatives Fund
- 1D
- 0.10%
- 1M
- 0.72%
- YTD
- 2.21%
- 6M
- 2.52%
- 1Y
- 7.02%
- 3Y*
- 8.44%
- 5Y*
- 4.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MAHIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2018, MAHIX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 73% of months were positive and 27% were negative. The best month was Nov 2020 with a return of +5.2%, while the worst month was Mar 2020 at -12.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MAHIX closed higher 45% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | 0.21% | -0.75% | 1.53% | 0.52% | 0.20% | 2.21% | ||||||
| 2025 | 0.83% | 0.81% | -0.35% | -0.01% | 0.55% | 1.55% | 0.20% | 1.01% | 0.91% | 0.42% | 0.86% | 0.38% | 7.37% |
| 2024 | 0.61% | 0.47% | 1.17% | -0.12% | 1.27% | 0.78% | 1.14% | 1.02% | 1.12% | -0.14% | 1.19% | 0.02% | 8.84% |
| 2023 | 3.13% | -0.21% | 0.28% | 0.94% | 0.25% | 0.90% | 1.19% | 0.80% | -0.46% | -0.28% | 2.61% | 2.60% | 12.32% |
| 2022 | -1.46% | -0.76% | -0.34% | -1.83% | -0.89% | -3.03% | 2.70% | -0.70% | -3.25% | 0.51% | 1.94% | 0.00% | -7.05% |
| 2021 | 0.47% | 1.01% | 0.63% | 0.86% | 0.53% | 0.56% | 0.37% | 0.45% | 0.42% | -0.29% | -0.56% | 0.91% | 5.48% |
Benchmark Metrics
iMGP High Income Alternatives Fund has an annualized alpha of 2.82%, beta of 0.16, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since October 05, 2018.
- This fund participated in 25.37% of S&P 500 Index downside but only 23.84% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.46 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.82%
- Beta
- 0.16
- R²
- 0.46
- Upside Capture
- 23.84%
- Downside Capture
- 25.37%
Expense Ratio
MAHIX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAHIX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iMGP High Income Alternatives Fund (MAHIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.37 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 2.78 | +1.41 |
| Martin ratioReturn relative to average drawdown | 21.00 | 12.44 | +8.56 |
Dividends
Dividend History
iMGP High Income Alternatives Fund provided a 7.75% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.71 | $0.59 | $0.61 | $0.39 | $0.49 | $0.38 | $0.37 | $0.06 |
Dividend yield | 7.75% | 7.16% | 5.98% | 6.28% | 4.25% | 4.80% | 3.75% | 3.65% | 0.65% |
Monthly Dividends
The table displays the monthly dividend distributions for iMGP High Income Alternatives 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.04 | $0.04 | $0.05 | $0.03 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.19 | $0.05 | $0.06 | $0.71 |
| 2024 | $0.04 | $0.06 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.10 | $0.61 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.06 | $0.39 |
| 2021 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.05 | $0.05 | $0.02 | $0.05 | $0.02 | $0.13 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iMGP High Income Alternatives 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 High Income Alternatives Fund was 20.00%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current iMGP High Income Alternatives Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -20.00%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
Bear market2022 | -9.52%Oct 2022 | 11mo 8d | 11mo 5d | 1y 10moNov 2021 - Sep 2023 |
Rate-hike selloffLate 2018 | -4.08%Dec 2018 | 2mo 15d | 1mo 23d | 4mo 8dOct 2018 - Feb 2019 |
2025 selloff2025 | -2.97%Apr 2025 | 1mo 2d | 1mo 23d | 2mo 25dMar 2025 - May 2025 |
2026 pullback2026 | -1.71%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| MAHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -56.78% | +36.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -9.10% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -2.97% | -18.90% | +15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -25.43% | +15.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -10.71% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.03% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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