Dolan McEniry follows its strategy and process with great patience and deliberation.
★★★★Overall Morningstar Rating™
IDMIX: Four Star Overall Morningstar Rating™, among 163 Non-traditional Bond funds based on risk-adjusted return for the period ending 9/30/2025.
Investment Objective
The fund seeks to provide investors with total return, with a secondary investment objective of preserving capital. The fund will invest in a diversified portfolio of U.S. corporate investment grade* bonds, high yield bonds, and U.S. Government and Treasury securities.
Value starts with free cash flow
They do all their own homework in the hunt for undervalued corporate bonds—those with low credit risk and wide spreads. Key to their credit analysis is an evaluation of free cash flow because companies who generate it well and allocate it wisely make the strongest case for enduring value.
Research supports decisive investing
At Dolan McEniry, they do their own research—no relying on Wall Street reports or ratings agencies. Their discovery and analysis process is clear, focused and efficient, carried out day after day in pursuit of exceptional returns year after year.
Contrarian mindset provides clarity
Their strategy keeps a clear eye on conservative investment fundamentals rather than following a herd mentality or chasing trends. They love a beaten down and out of favor company, as long as there is safety in its cash flows. They believe that over time, long-term lending is better than short-term trading.
Long-term focus wins client trust
Their singular focus has led a range of clients to trust them in managing their assets, from foundations and endowments to pension funds and wealthy families. Some of these relationships have lasted for years, even decades. Their clients have confidence that their strategic approach will balance risk and reward by focusing on value and investing intelligently.
Bottom-up Credit Selection
In-house research focuses on companies with durable and sustainable free cash flow and attractive yield
Fundamentals, Not Predictions
Investment fundamentals drive decisions, no predicting interest rates, sector rotation, or other trends
Capital Preservation
A best ideas portfolio of undervalued bonds with low credit risk combined with a lender’s mentality
Daniel Dolan, Jr.
Dolan McEniry
Managing Member,
Portfolio Management &
Security Selection
Roger McEniry
Dolan McEniry
Managing Member,
Portfolio Management &
Security Selection
Robert W. Greber
Dolan McEniry
Managing Director,
Portfolio Management &
Trading
C. Schaffer Degen
Dolan McEniry
Managing Director,
Portfolio Management &
Trading
Riley Liegel
Dolan McEniry
Portfolio Manager
09/28/2018
53700T777
IDMIX
$10000
None
None
(800) 960-0188
$None
$10.08
As of 11/26/2025
0.01 (0.11%)
As of 11/26/2025
5.92%
As of 11/26/2025
0.69%
0.62%
*The Advisor has contractually agreed to limit the expenses through 4/30/2026.
Asset Class
Fixed Income
Share Class inception Date
09/28/2018
Benchmark
Bloomberg US Aggregate Bond Index
CUSIP
53700T777
Registered Locations
US ✔
iMGP Dolan McEniry Corporate Bond Fund Value of Hypothetical $10,000
The value of a hypothetical $10,000 investment in the iMGP Dolan McEniry Corporate Bond Fund compared with the
Bloomberg US Aggregate Bond Index, Bloomberg US Intermediate Credit index.
- Growth of Investment
- Annualized
- Calendar Year
* The hypothetical $10,000 investment at fund inception includes changes due to share price and reinvestment of dividends and capital gains. The chart does not imply future performance. Indexes are unmanaged, do not incur fees, expenses or taxes, and cannot be invested in directly.
Performance quoted does not include a deduction for taxes that a shareholder would pay on the redemption of fund shares.
*Institutional Class launch date is 9/28/2018. Advisor Class launch date is 5/17/2019. Benchmark Since Inception is as of the Institutional Class Inception date.
Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-898-1041.
Performance shown prior to the inception of the Advisor Shares reflects the performance of the Institutional Shares and excludes expenses that are not applicable to, and are lower than, those of Advisor Shares. The performance of the Advisor Shares will differ from that of the Institutional Shares due to differences in expenses.
Performance as of 09/20/2021 is that of the Predecessor Fund. All of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization on 09/20/2021.
Performance for periods greater than one year are annualized.
Bloomberg Barclays U. S. Aggregate Index:The Index is a broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The Index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS (agency and non-agency).
Bloomberg Barclays U.S. Intermediate Credit:The Index is the intermediate component of the Bloomberg Barclays U.S. Credit Index. The Bloomberg Barclays U.S. Credit Index measures the investment grade, US dollar-denominated, fixed-rate, taxable, corporate and government – related bond markets. It is composed of the US Corporate Index and a non-corporate component that includes foreign agencies, sovereigns, supranationals, and local authorities.
Gross Expense Ratio 0.69%
Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The gross and net expense ratios can be found in the most recent Summary Prospectus (4/30/2025). There are contractual fee waivers in effect through 4/30/2026.
While the fund is no-load, management and other expenses still apply.
Disclosure:
The Fund’s investment objectives, risks charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contains this and other important information about the investment company, and it may be obtained by calling 800-960-0188. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments by the Fund in lower-rated securities presents a greater risk of loss of principal and interest than higher-rated securities. Foreign securities are subject to risks relating to political, social, economic developments abroad and differences between U.S. and foreign regulatory requirements and market practices, including fluctuations in foreign currencies.
Credit Ratings are grades given to bonds that indicate their credit quality as determined by a Nationally Recognized Statistical Rating Organization (“NRSRO”) such as Standard and Poor’s, Moody’s, and Fitch. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. If NRSRO ratings differ, the security will be considered to have received the highest of those ratings. For securities rated by an NRSRO other than S&P, the Adviser converts that rating to the equivalent S&P rating. Securities not rated by an NRSRO appear in the “Not Rated/Unavailable” category. Ratings are subject to change.”
Diversification does not guarantee a profit or protect from loss in a declining market.
i – The Morningstar Rating for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed products monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five, and 10-year (if applicable) Morningstar Rating metrics. The weights are 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10 year overall rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. iMGP Alternative Strategies Fund was rated against the following numbers of Multistrategy funds over the following time periods as of 9/30/2025: 163 funds in the last 3 years, 149 funds in the last 5 years, and 96 funds in the last 10 years. With respect to these Multistrategy funds, iMGP Alternative Strategies (MASFX) received a Morningstar Rating of 2 stars, 2 stars, 3 stars for the three-, five-, and ten-year periods, respectively. Ratings for other share classes may be different. Morningstar rating is for the Institutional share class only; other classes may have different performance characteristics. The Investor share class received a rating of 2 stars, 2 stars, 3 stars for the three-, five-, and ten-year periods, respectively.
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Index Definitions | Industry Terms and Definitions
The iMGP Dolan McEniry Corporate Bond Fund is distributed by ALPS Distributors, Inc.