iMGP DBi Managed Futures Strategy ETF (DBMF) surpassed $5 billion in assets under management as of September 18, 2026. Launched in 2019, the fund reported a 9.32% annualized NAV return since inception and 742 basis points of annual alpha versus the S&P 500 Index, based on Morningstar data as of August 31, 2026.
DBMF returned 23.07% at NAV in 2022, while the S&P 500 Index fell 18.11% and the Bloomberg US Aggregate Bond Index fell 13.01%. Its NAV return for the one year ended June 30, 2026, was 25.54%; its year-to-date return at that date was 10.11%. The fund seeks to replicate the pre-fee returns of large commodity trading advisor hedge funds using a model, approximately 10 futures contracts and weekly rebalancing. Its gross expense ratio is 0.85%.
The iMGP DBi Managed Futures Strategy ETF (DBMF) has received an overall 5-Star Morningstar rating™ out of 67 funds in the Morningstar US ETF Systematic Trend category as of June 30, 2024. This coincides with its 5th year anniversary. DBMF has outperformed and delivered superior risk-adjusted returns against both the SG CTA Index and the Morningstar® category since inception.
As of July 17, 2024, DBMF has $1.1 billion in assets under management, making it the largest Managed Futures ETF. The fund seeks long-term capital appreciation by replicating the pre-fee returns of the largest commodity trading advisor hedge funds. It invests in about 10 highly-liquid futures contracts and is rebalanced weekly.
iM Global Partner and Dynamic Beta investments announced that the iMGP DBi Hedge Strategy ETF (DBEH) has celebrated its three-year anniversary. Since inception, DBEH has achieved returns similar to three-quarters of the S&P 500 with half the drawdowns. Meanwhile, the iMGP DBi Managed Futures Strategy ETF (DBMF), launched in May 2019, remains the largest Managed Futures ETF, with over $1 billion in assets, aiming to replicate leading managed futures hedge funds' performance. Both ETFs strive to redefine hedge fund strategies in ETF structures.