- ISIN
- US53700T1088
- CUSIP
- 53700T108
- Inception Date
- Dec 31, 1996
- Category
- Large Cap Blend Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MSEFX Performance Chart
iMGP Equity Fund (MSEFX) is down 0.1% since the beginning of the year. MSEFX is currently trading at $12 per share. Investors who bought $1,000 worth of MSEFX shares 5 years ago would now be looking at an investment worth $987.
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Returns By Period
iMGP Equity Fund (MSEFX) has returned -0.08% so far this year and 4.25% over the past 12 months. Over the last ten years, MSEFX has returned 7.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iMGP Equity Fund
- 1D
- 0.34%
- 1M
- -0.59%
- YTD
- -0.08%
- 6M
- -0.08%
- 1Y
- 4.25%
- 3Y*
- 4.28%
- 5Y*
- -0.26%
- 10Y*
- 7.36%
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%
MSEFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1996, MSEFX's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2009 with a return of +15.6%, while the worst month was Oct 2008 at -22.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MSEFX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.1%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.51% | 2.73% | -8.63% | 7.63% | 2.36% | -2.89% | -0.08% | ||||||
| 2025 | 3.79% | -1.08% | -3.19% | -1.56% | 4.05% | 1.44% | -0.83% | 1.77% | 1.32% | -0.16% | -0.82% | 0.56% | 5.15% |
| 2024 | -1.25% | 2.69% | 1.64% | -4.51% | 1.27% | -0.83% | 5.13% | 2.16% | 1.17% | -3.94% | 5.15% | -4.78% | 3.29% |
| 2023 | 7.58% | -3.13% | 2.78% | 2.36% | -3.41% | 5.74% | 3.09% | -4.05% | -4.65% | -3.10% | 9.23% | 4.94% | 17.30% |
| 2022 | -6.17% | -2.27% | -1.68% | -10.50% | -0.13% | -9.57% | 7.81% | -4.74% | -11.73% | 5.64% | 9.22% | -1.89% | -25.22% |
| 2021 | -0.54% | 6.59% | 2.48% | 6.67% | 0.28% | 0.32% | 0.41% | 1.83% | -2.88% | 4.41% | -5.78% | 3.82% | 18.27% |
Benchmark Metrics
iMGP Equity Fund has an annualized alpha of -0.45%, beta of 0.96, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since December 31, 1996.
- This fund participated in 106.03% of S&P 500 Index downside but only 102.11% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.96 and R2 of 0.88, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.45%
- Beta
- 0.96
- R²
- 0.88
- Upside Capture
- 102.11%
- Downside Capture
- 106.03%
Expense Ratio
MSEFX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSEFX ranks 5 for risk / return — in the bottom 5% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iMGP Equity Fund (MSEFX) 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.
| MSEFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.78 | -2.41 |
| Martin ratioReturn relative to average drawdown | 1.30 | 12.44 | -11.14 |
Dividends
Dividend History
iMGP Equity Fund provided a 3.40% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.86 | $0.49 | $3.32 | $3.06 | $2.32 | $1.59 | $2.17 | $1.52 | $1.00 | $1.59 |
Dividend yield | 3.40% | 3.40% | 7.44% | 4.08% | 31.07% | 16.28% | 12.45% | 9.07% | 14.47% | 7.93% | 5.87% | 9.89% |
Monthly Dividends
The table displays the monthly dividend distributions for iMGP Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.86 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.32 | $3.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.06 | $3.06 |
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 Equity 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 Equity Fund was 61.12%, occurring on Mar 9, 2009. Recovery took 1007 trading sessions.
The current iMGP Equity Fund drawdown is 8.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.12%Mar 2009 | 1y 7mo | 4y | 5y 7moJul 2007 - Mar 2013 |
Dot-com crash2000–2002 | -38.01%Oct 2002 | 2y 2mo | 1y 3mo | 3y 6moJul 2000 - Jan 2004 |
Bear market2022 | -36.93%Oct 2022 | 11mo 1d | — | 4y 7moNov 2021 - now |
COVID crash2020 | -36.02%Mar 2020 | 1mo 9d | 5mo 8d | 6mo 17dFeb 2020 - Aug 2020 |
1998 bear market1998 | -29.46%Oct 1998 | 2mo 20d | 5mo 29d | 8mo 19dJul 1998 - Apr 1999 |
Drawdown Indicators
| MSEFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -56.78% | -4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.10% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -18.90% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.93% | -25.43% | -11.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.93% | -33.92% | -3.01% |
Current DrawdownCurrent decline from peak | -8.38% | -1.80% | -6.58% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -10.71% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.03% | +0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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