iMGP DBi Managed Futures Strategy ETF (DBMF) Surpasses $5 Billion in Assets Under Management

The fund crossed the $5 billion threshold roughly three years after passing $1 billion in late 2022.

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LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- iM Global Partner (iMGP) today announced that the iMGP DBi Managed Futures Strategy ETF has surpassed $5 billion in assets under management (AUM) as of September 18, 2026. The milestone reinforces DBMF as the largest managed futures ETF and reflects growing advisor and institutional demand for low-cost, transparent, and liquid access to a strategy long dominated by high-fee hedge funds.

Launched in 2019, DBMF now carries a seven-year track record. Over that period the fund has delivered a 9.32% annualized return (NAV) and 742 basis points of annual alpha versus the S&P 500, according to Morningstar data as of August 31, 2026. DBMF crossed the $5 billion threshold roughly three years after passing $1 billion in late 2022, as the pace at which advisors and models are adopting managed futures for client portfolios continues to accelerate.

Key Facts

• Assets under management: More than $5 billion as of September 18, 2026.
• Category position: Largest managed futures ETF.
• Track record: Seven years since the fund's 2019 inception.
• Annualized return: 9.32% (since inception; Morningstar, as of August 31, 2026).
• Alpha versus the S&P 500: 742 basis points per year (Morningstar, as of August 31, 2026).
• 2022 performance: +23.07% (NAV) in a year when both equities and bonds fell sharply.
• How it works: A multi-factor model replicates the pre-fee returns of leading commodity trading advisor (CTA) hedge funds using roughly 10 highly liquid futures contracts, rebalanced weekly.

	Average annual total returns
Performance as of 6/30/26	Three-month	Year-to-date	One year	Three year	Five year	Since inception (5/7/19)
iMGP DBi Managed Futures Strategy ETF (NAV)	2.23%	10.11%	25.54%	8.82%	8.38%	9.15%
iMGP DBi Managed Futures Strategy ETF (Price)	2.04%	10.07%	25.66%	8.84%	8.24%	9.12%
Bloomberg US AGG Bond TR USD	0.67%	0.62%	3.79%	4.16%	0.08%	1.58%
SG CTA	1.85%	9.42%	18.25%	2.57%	5.27%	5.44%
SG Trend	1.91%	9.13%	24.14%	3.15%	7.31%	7.56%
Morningstar Fund Systematic Trend	1.38%	7.59%	18.28%	2.83%	4.16%	4.37%

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. Gross expense ratio: 0.85%.

A Structural Case for Managed Futures

Managed futures have historically offered diversification precisely when investors need it most, in periods when stocks and bonds decline together. DBMF pursues that exposure through a replication approach that seeks to match the returns of the largest CTA hedge funds while stripping out the layered fees and single-manager risk that have long characterized the space.

"This milestone belongs to the entire managed futures community, from the researchers and managers who proved the strategy to the advisors who had the conviction to embrace it," said Andrew Beer, Co-Portfolio Manager of DBMF and Co-Founder of DBi. "Our goal was to take a proven diversifier and make it easier to own and more rewarding to hold. Seeing $5 billion in assets is a wonderful sign that the space is thriving and reaching more investors than ever."

2022: When Diversification Mattered

DBMF's value proposition was on clearest display in 2022. The fund returned +23.07% for the calendar year, compared with the S&P 500 Index at -18.11% and the Bloomberg US Aggregate Bond Index at -13.01% over the same period. That year illustrates why a growing number of advisors treat managed futures as a core, rather than peripheral, portfolio allocation.

Frequently Asked Questions

What is the largest managed futures ETF?

The iMGP DBi Managed Futures Strategy ETF (DBMF) is the largest managed futures ETF, with more than $5 billion in assets under management as of September 18, 2026.

What is DBMF's performance track record?

DBMF has a seven-year track record since its 2019 inception. It has delivered a 9.32% annualized return and 742 basis points of annual alpha versus the S&P 500, according to Morningstar data as of August 31, 2026.

How did DBMF perform in 2022?

DBMF returned +23.07% in calendar year 2022, a year when the S&P 500 Index fell 18.11% and the Bloomberg US Aggregate Bond Index fell 13.01%. Index returns are shown for context and are not the returns of the fund; the 2022 result reflects a single calendar year and is not indicative of future results.

How does DBMF work?

DBMF seeks long-term capital appreciation by using a multi-factor model to replicate the pre-fee returns of the largest commodity trading advisor (CTA) hedge funds. The fund invests in approximately 10 highly liquid futures contracts and is rebalanced weekly.

Who manages DBMF?

DBMF is managed by DBi, a Greenwich, Connecticut firm co-founded by Andrew Beer and Mathias Mamou-Mani that pioneered pre-fee hedge fund replication. The fund is offered through iM Global Partner (iMGP) Fund Management.

What is DBMF's ticker and structure?

DBMF is an exchange-traded fund (ETF) that trades under the ticker DBMF. Its ETF structure provides daily liquidity, intraday trading, and transparency compared with traditional hedge fund vehicles.

About DBi

Co-founded by Andrew Beer and Mathias Mamou-Mani, DBi is a Greenwich, CT-based pioneer in pre-fee hedge fund replication. The firm manages $8.5 billion of replication-based hedge fund strategies across ETFs, UCITS funds, and mutual funds for clients in the US, Latin America, Europe, and Asia as of September 18, 2026 The firm publishes extensively on hedge funds, liquid alternatives, quant investing and related topics, and is widely cited in the press. For more information, visit dbi.co or follow DBi on LinkedIn.

About iM Global Partner

Since 2015, iM Global Partner has built a global asset management platform focused on delivering excellence in active management. We offer mutual funds, active ETFs, and SMAs through equity partnerships with 10 best-in-class active managers: our Partners. Our dedicated distribution teams in Europe and the US are central to our approach, delivering high-conviction strategies across all asset classes to investors through a single, high-touch relationship. Through a rigorous selection process, we identify exceptional investment boutiques that share our values of independence, integrity, and long-term vision. iM Global Partner has $42 billion of assets under management as of August 31, 2026. Assets under management include Partner assets in proportion to iM Global Partner’s participations. For more information, visit www.imgp.com or follow us on LinkedIn.

Important Disclosures

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by calling 800-960-0188 or visiting www.iMGP.com Read it carefully before investing.

2022 calendar-year returns. DBMF returned +23.07 in calendar year 2022, compared with the S&P 500 Index (equities) at -18.11% and the Bloomberg US Aggregate Bond Index (bonds) at -13.01% over the same period. The 2022 return reflects a single calendar year and is not indicative of future results; index returns are shown for context and are not the returns of the Fund. Index performance does not reflect any management fees, transaction costs or expenses and is not available for direct investment. The S&P 500 Index is a broad-based measure of US large-cap equity performance. The Bloomberg US Aggregate Bond Index is a broad-based measure of the US investment-grade bond market.

Annualized return and alpha figures are sourced from Morningstar as of August 31, 2026. Alpha is a measure of performance on a risk-adjusted basis relative to a benchmark, expressed here versus the S&P 500 Index on a per-annum basis. Annualized return reflects the compound average annual return over the stated period.

iMGP DBi Managed Futures Strategy ETF Risks: Investing involves risk. Principal loss is possible.

Assets under management figures are as of September 18, 2026 and are subject to change. “Largest managed futures ETF” refers to assets under management within the managed futures ETF category.

© 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

iM Global Partner Fund Management, LLC has ultimate responsibility for the performance of the iMGP Funds due to its responsibility to oversee the funds' investment managers and recommend their hiring, termination, and replacement.

The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, Inc. iMGP, DBi and ALPS are unaffiliated.

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Source: iM Global Partner