iMGP and DBi launched the iMGP DBi Absolute Return ETF (NYSE Arca: DBAR) on September 30, 2026, targeting combined managed futures and U.S. equity exposure.
The actively managed fund targets 100% managed futures exposure plus 30% U.S. equity exposure, totaling 130% gross notional exposure. The equity allocation is added rather than taken from the managed futures allocation. DBAR seeks long-term capital appreciation and targets annualized volatility of 8% to 10%. Its expense ratio is 0.86%.
The managed futures allocation uses the same hedge fund replication strategy as DBMF, seeking to reproduce large commodity trading advisor hedge funds' pre-fee returns through ten futures markets across four asset classes, rebalanced weekly. The equity allocation uses a low-cost U.S. equity ETF. DBi is the sub-advisor, with Andrew Beer and Mathias Mamou-Mani serving as co-portfolio managers.