iMGP DBi Managed Futures Strategy ETF

DBMF

Market cap $1.44B

Overview Fund Activity

27.06 USD

+0.12

0.45%

At close Updated Sep 15, 9:55 AM EDT

1 day

0.45%

5 days

1.65%

1 month

4.4%

3 months

5.58%

6 months

6.33%

Year to date

2.69%

1 year

-3.63%

5 years

7.17%

10 years

8.2%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 63

4% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 23

2% less funds holding

Funds holding: 183 [Q1] → 180 (-3) [Q2]

7% less capital invested

Capital invested by funds: $858M [Q1] → $797M (-$61.5M) [Q2]

9.08% less ownership

Funds ownership: 75.34% [Q1] → 66.27% (-9.08%) [Q2]

29% less funds holding in top 10

Funds holding in top 10: 14 [Q1] → 10 (-4) [Q2]

See Fund Rankings

Financial journalist opinion

DBMF: Fortunately, It's Not What You Expect

DBMF offers retail investors access to CTA-like strategies, aiming for low cost. While DBMF's returns lag world indices and classic 60-40 portfolios, its negative correlation might be the real added value. And this kind of hedging is built right into the trend-following strategies or derivatives of CTAs.

DBMF: Fortunately, It's Not What You Expect

DBMF: A Managed Futures Strategy That Can Mitigate Correlation Risk In A Portfolio

iMGP DBi Managed Futures Strategy ETF offers diversified futures exposure with low correlation to stocks and bonds, making it a compelling alternative for portfolio risk reduction. Despite recent underperformance, DBMF provides a robust 5.6% yield on a TTM basis and competitive fees compared to peer managed futures strategies. The ETF's active management and liquidity allow for flexible positioning, but investors should expect variable returns and distributions.

DBMF: A Managed Futures Strategy That Can Mitigate Correlation Risk In A Portfolio

Zacks Investment Research

ETFs to Hedge Against Volatility Amid Trade & Slowdown Worries

Investors should consider applying hedging techniques to their equity portfolio to reduce overall volatility.

ETFs to Hedge Against Volatility Amid Trade & Slowdown Worries

DBMF: Why This Hedge Crumbled When It Was Most Needed

Diversifying portfolios with hedging positions can better weather market disruptions compared to solely relying on equities. The iMGP DBi Managed Futures Strategy ETF failed to provide expected support during recent market turmoil for reasons that I explore in this article. Investors should not rely on a single ETF for portfolio protection; combining VIXY, BTAL, and managed futures ETFs like DBMF offers more robust hedging.

DBMF: Why This Hedge Crumbled When It Was Most Needed

DBMF: An Excellent ETF For Improved Portfolio Performance

Combining a managed futures fund with the S&P 500 and a treasury fund can yield superior risk-adjusted returns compared to a traditional 60/40 portfolio. The iMGP DBi Managed Futures Strategy ETF aims to replicate the performance of leading managed futures hedge funds using a proprietary, quantitative model. DBMF's unique asset allocation process and historical performance make it a strong candidate for diversification, with low correlations to the S&P 500 and US treasuries.

DBMF: An Excellent ETF For Improved Portfolio Performance

Managed Futures Becoming a More Mainstream Alternative

ETFs expanded their market share in recent years by bringing mutual and hedge fund strategies to a wider variety of investors. Taking strategies previously locked behind high entry fees and significant management fees, ETFs work to broaden the investing playing field.

Managed Futures Becoming a More Mainstream Alternative

DBMF: Revisiting With Fresh Eyes

The DBMF ETF has a low expense ratio (0.85%) and has outperformed peers with 7.5% annualized returns since inception, despite periodic blow-ups. Managed Futures strategy offers portfolio diversification, but DBMF's 'Dynamic Beta Engine' can suffer during volatile markets due to its reactionary lag. Looking forward, I am concerned about increased market volatility under President Trump, as he is set to impose significant tariffs on America's trading partners.

DBMF: Revisiting With Fresh Eyes

5 Years Later, DBMF Proves Value of Managed Futures

Alternatives continue to garner interest and portfolio allocations as investors look beyond stocks and bonds in ongoing volatility. Managed futures, once relegated to a somewhat niche corner of the options and liquid alts market, now enjoy greater investor uptake through ETFs like the iMGP DBi Managed Futures Strategy ETF (DBMF).

5 Years Later, DBMF Proves Value of Managed Futures

DBMF: Escalator Up, Elevator Down

DBMF ETF has experienced a significant drawdown, losing over 10% since July 1st, wiping out most YTD gains. I believe DBMF's strategy is flawed because it uses backward-looking regression analysis that leads to crowded macro trades prone to blow-up. DBMF ETF currently has a positive correlation with equities and may not provide the portfolio diversification benefits of other CTA funds.

DBMF: Escalator Up, Elevator Down

iM Global Partner's DBi Managed Futures Strategy ETF (DBMF) Earns Overall 5-Star Morningstar Rating™

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--iM Global Partner (iMGP) is proud to announce that the iMGP DBi Managed Futures Strategy ETF (DBMF) has received an overall 5-Star Morningstar ratingTM out of 67 funds in the Morningstar US ETF Systematic Trend category as of June 30, 2024, coinciding with its 5th year anniversary. Morningstar's rating system evaluates funds based on their risk-adjusted returns relative to similar funds. ETFs that rank in the top 10% of their category peers receive a 5-s.

iM Global Partner's DBi Managed Futures Strategy ETF (DBMF) Earns Overall 5-Star Morningstar Rating™

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