iMGP Alternative Strategies Fund
MASNX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1676 N. California Blvd. Walnut Creek CA United States of America 94596
- IPO Date
- Oct 5, 2011
- CIK
- 0001020425
- Similar Companies
- Business
- iMGP Alternative Strategies Fund (MASNX) is a multi-strategy mutual fund that seeks long-term returns with lower risk and volatility than the stock market and low correlation to traditional stock and bond indexes; it employs a multi-manager approach allocating assets among specialized sub-advisors including Blackstone Credit Systematic Group (long-short credit strategy), DoubleLine Capital (opportunistic income, focusing on mortgage-related securities, CLOs, and other fixed income), Dynamic Beta Investments (enhanced trend blending managed futures and equity hedge), First Pacific Advisors (contrarian opportunity across equities, bonds, and asset classes), Loomis Sayles (strategic alpha fixed income with global credit and currency exposure), and Water Island Capital (arbitrage and event-driven, including merger arbitrage and special situations); the fund invests globally in equities, fixed income securities (including high-yield and emerging markets), derivatives such as options, futures, swaps, and credit default swaps, and may borrow up to one-third of assets and hold up to 15% in illiquid securities. The Investor Class shares trade under ticker MASNX, with a net expense ratio of 1.62% after waivers through April 30, 2025; Institutional Class (MASFX) has a lower ratio of 1.37%. Originally launched in 2011 as part of the Litman Gregory Masters Funds family (first fund in 1996), it was rebranded to iMGP Funds in July 2020 under iM Global Partner Fund Management, LLC (formerly Litman Gregory Fund Advisors, LLC), headquartered in the San Francisco Bay Area with affiliations to iM Global Partner in Paris. Recent developments include a new secondary investment objective effective January 21, 2025, to provide a high level of current income; cessation of sales to new Investor Class investors; automatic conversion of Investor Class shares to Institutional Class around February 24, 2025; and a planned reorganization merging the fund into the iMGP High Income Fund on or about March 17, 2025, to streamline share classes and align strategies. Allocations as of Q4 2024 reflect tactical adjustments, with 27% to DoubleLine, 17% each to DBi and Water Island, 15% to Loomis Sayles, 13% to Blackstone, and 11% to FPA, versus strategic targets of 20% each to DBi and DoubleLine. The fund serves sophisticated investors seeking alternative diversification, with approximately $337 million in net assets as of recent data.