iMGP DBi Managed Futures Strategy ETF
$33.22−0.09 (−0.29%)
- 0.85%
- $5.7B
- +29.4%
- 4.76%
- 2.2M sh
- $33.15
- low $27.76high $33.40
The ETF.net DBMF Grade
B
Score 60 out of 100
- 6 of 16
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 10 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 4 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A89 out of 100Rank 1 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F0 out of 100Rank 4 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 2 of 16
Our read on DBMF
BThe replication play. Rather than run its own trend model, DBMF reverse-engineers what the largest managed futures hedge funds are doing from their recent returns, then rebuilds that average bet in liquid futures, for 0.85%.
The fund seeks long-term capital appreciation by taking long and short derivative positions, chiefly futures and forwards, across equities, fixed income, currencies, and commodities.
Why people hold it
- Different engine: a quantitative model infers large CTA hedge funds' positioning from trailing returns and rebuilds it with futures and forwards, instead of riding one manager's signal.imgpfunds.comsec.gov
- Goes long and short across equities, fixed income, currencies and commodities, so returns are driven by trends across those markets rather than by the stock market alone.imgpfunds.com
- 0.85% expense ratio, below the median for its managed futures ETF peer group.
- A multi-billion-dollar fund that trades actively, with a live track record going back to its 2019 launch.
Worth knowing
- By design it chases the average behavior of the big CTA managers, benchmarked to Societe Generale's CTA index, so it moves with the managed futures pack rather than apart from it.imgpfunds.com
- Cheaper seats exist in the same cohort: CTA at 0.75% and ASMF at 0.80%.
- Non-diversified and built on derivatives, and cash comes quarterly rather than monthly.imgp.com
DBMF Holdings
- Other
- 5
- 220%
- Us 2YR Note (Cbt) DEC26
Sectors
- Technology29.8%
- Health Care12.7%
- Financials12.5%
- Consumer Discretionary11.0%
- Communication8.6%
- Industrials8.4%
- Consumer Staples6.1%
- Energy3.9%
- Real Estate2.5%
- Utilities2.3%
- Materials2.2%
DBMF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
DBMF$12,936
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DBMF |
|---|---|
| Year to date | +20.3% |
| 1 month | +4.6% |
| 3 months | +8.6% |
| 1 year | +29.4% |
| 3 years | +10.7% |
| 5 years | +10.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DBMF |
|---|---|---|
| 2026 YTD | +20.3% | |
| 2025 | +13.8% | |
| 2024 | +7.2% | |
| 2023 | −8.9% | |
| 2022 | +21.5% | |
| 2021 | +11.4% | |
| 2020 | +1.8% |
DBMF in the news
DBMF Dividends
- 4.76%
- $1.59
- $0.15 per share
- Quarterly
Distribution history
DBMF Risk
- 10.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DBMF Cost
0.85%
DBMF0.85%
- The middle half of Managed Futures funds
- Median 0.82%
8 of the 15 Managed Futures funds charge less.
Other funds in Managed Futures
- BISMFBlackrock ETF Trust - Ishares Managed Futures Active ETFExpense ratio 0.82%1 year return +18.2%
- BCTASimplify Managed Futures Strategy ETFExpense ratio 0.75%1 year return +10.6%
- BFFUTFidelity Managed Futures ETFExpense ratio 0.82%1 year return +27.4%
- BHOLDHarbor Alpha Layering ETF (HOLD)Expense ratio 0.70%1 year return +15.3%
- CKMLMKraneShares Mount Lucas Managed Futures Index Strategy ETFExpense ratio 0.90%1 year return +21.9%