iMGP Alternative Strategies Fund (MASNX)
Over the long term, the goal of the advisor to the fund, is to achieve an annualized return of LIBOR plus a range of 4% to 8%. The fund invests in a mix of strategies that the advisor believes offer risk-return characteristics that are attractive individually and even more compelling collectively.
Fund Info
| ISIN | US53700T8844 |
|---|---|
| CUSIP | 53700T884 |
| Issuer | iM Global Partner Fund Management |
| Inception Date | Sep 29, 2011 |
| Category | Multistrategy |
| Min. Investment | $1,000 |
| Asset Class | Alternatives |
Expense Ratio
MASNX has a high expense ratio of 1.61%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MASNX vs. TMSRX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iMGP Alternative Strategies 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 Alternative Strategies Fund had a return of 7.12% year-to-date (YTD) and 10.79% in the last 12 months. Over the past 10 years, iMGP Alternative Strategies Fund had an annualized return of 2.72%, while the S&P 500 had an annualized return of 11.39%, indicating that iMGP Alternative Strategies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.12% | 25.48% |
| 1 month | 0.37% | 2.14% |
| 6 months | 3.40% | 12.76% |
| 1 year | 10.79% | 33.14% |
| 5 years (annualized) | 2.56% | 13.96% |
| 10 years (annualized) | 2.72% | 11.39% |
Monthly Returns
The table below presents the monthly returns of MASNX, 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 | 0.57% | 0.76% | 1.66% | -0.75% | 1.23% | 0.94% | 0.93% | 0.56% | 1.21% | -1.01% | 7.12% | ||
| 2023 | 1.95% | -0.96% | -0.41% | 0.49% | -0.97% | 1.81% | 0.97% | -0.19% | -0.45% | -1.08% | 2.28% | 2.12% | 5.62% |
| 2022 | -1.70% | -0.78% | -0.70% | -2.38% | -0.27% | -3.10% | 2.07% | -0.65% | -3.32% | 0.97% | -0.00% | -0.11% | -9.65% |
| 2021 | 0.58% | 1.48% | 0.29% | 1.30% | 0.48% | -0.14% | -0.40% | 0.41% | -0.67% | 0.65% | -1.38% | 0.92% | 3.55% |
| 2020 | 0.60% | -0.76% | -9.27% | 3.42% | 2.48% | 1.56% | 1.78% | 1.40% | -0.33% | 0.17% | 3.39% | 2.11% | 6.06% |
| 2019 | 2.61% | 0.70% | 0.53% | 1.48% | -1.03% | 1.32% | 0.52% | -0.17% | 0.18% | 0.35% | 0.60% | 0.88% | 8.22% |
| 2018 | 0.94% | -0.51% | -0.72% | -0.17% | -0.00% | 0.08% | 0.87% | 0.00% | 0.09% | -1.55% | 0.09% | -1.44% | -2.33% |
| 2017 | 0.52% | 0.69% | -0.13% | 0.43% | 0.61% | 0.07% | 0.69% | 0.43% | 0.24% | 0.34% | -0.26% | 0.43% | 4.14% |
| 2016 | -1.36% | -0.46% | 2.30% | 1.28% | 0.72% | -0.03% | 1.71% | 0.80% | 0.38% | -0.26% | 0.97% | 0.49% | 6.67% |
| 2015 | 0.44% | 1.57% | -0.05% | 0.35% | 0.52% | -1.23% | -0.17% | -1.48% | -1.10% | 1.71% | -0.27% | -1.16% | -0.95% |
| 2014 | 0.26% | 0.96% | 0.12% | 0.26% | 1.04% | 0.80% | -0.34% | 0.86% | -0.94% | 0.09% | 0.60% | -0.40% | 3.33% |
| 2013 | 1.81% | 0.36% | 1.23% | 1.06% | 0.35% | -1.63% | 0.53% | -0.53% | 0.92% | 1.15% | 0.70% | 0.47% | 6.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MASNX is 79, placing it in the top 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iMGP Alternative Strategies Fund (MASNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iMGP Alternative Strategies Fund provided a 4.12% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.37 | $0.38 | $0.35 | $0.34 | $0.30 | $0.33 | $0.24 | $0.26 | $0.30 | $0.28 | $0.26 |
Dividend yield | 4.12% | 3.49% | 3.69% | 3.00% | 2.84% | 2.54% | 2.99% | 2.06% | 2.30% | 2.75% | 2.44% | 2.23% |
Monthly Dividends
The table displays the monthly dividend distributions for iMGP Alternative Strategies 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 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.37 | |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.15 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.35 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.16 | $0.33 |
| 2017 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.24 |
| 2016 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.26 |
| 2015 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.30 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.28 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.26 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the iMGP Alternative Strategies 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 Alternative Strategies Fund was 14.31%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
The current iMGP Alternative Strategies Fund drawdown is 1.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.31% | Feb 21, 2020 | 22 | Mar 23, 2020 | 159 | Nov 5, 2020 | 181 |
| -11.15% | Sep 7, 2021 | 270 | Sep 30, 2022 | 448 | Jul 16, 2024 | 718 |
| -7.32% | May 22, 2015 | 183 | Feb 11, 2016 | 111 | Jul 21, 2016 | 294 |
| -4.17% | Jan 29, 2018 | 229 | Dec 24, 2018 | 56 | Mar 18, 2019 | 285 |
| -2.43% | May 22, 2013 | 23 | Jun 24, 2013 | 101 | Nov 14, 2013 | 124 |
Volatility
Volatility Chart
The current iMGP Alternative Strategies Fund volatility is 0.85%, 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.