iMGP DBi Hedge Strategy ETF
DBEH
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Dec 18, 2019
- CIK
- 0001020425
- Similar Companies
- Business
- iMGP DBi Hedge Strategy ETF (DBEH) is an actively managed exchange-traded fund that seeks to replicate the pre-fee returns of a diversified universe of leading equity long/short hedge funds through quantitative models and investments in highly liquid futures contracts, without directly holding hedge funds; it targets approximately 75% of equity market upside with half the downside risk via dynamic factor exposures including value versus growth, small versus large capitalization, U.S. versus international equities, emerging versus developed markets, and cross-asset hedges. The ETF invests in a portfolio of around 15 exchange-traded futures positions on U.S. equity indices, currencies, and Treasury securities, rebalanced monthly to match estimated factor weights from a target pool of about 40 large equity hedge funds across sub-strategies such as fundamental value, fundamental growth, quantitative directional, multi-strategy, equity market neutral, and sector-focused approaches (e.g., healthcare, technology, energy/basic materials). Issued by Litman Gregory Funds Trust (formerly associated with the first iMGP fund launched in 1996), the ETF is managed by iM Global Partner Fund Management, LLC (iMGP, part of iM Global Partner founded in 2013 with U.S. headquarters in El Segundo, California, and offices in Walnut Creek, California; international locations including London, Paris, Luxembourg, Madrid, and others), and subadvised by Dynamic Beta investments (DBi), a Greenwich, Connecticut-based firm co-founded in 2012 specializing in hedge fund replication strategies. Launched on December 17, 2019, DBEH provided exposure to institutional-quality equity hedge strategies with low fees (0.85% expense ratio), daily liquidity, and transparency in a regulated ETF vehicle, targeting financial advisors and institutional investors seeking alternatives to traditional hedge funds or long-short equity mutual funds. In a major operational change, the Board of Trustees approved the Fund's liquidation on July 23, 2024, following a recommendation by iMGP; trading ceased after market close on September 16, 2024, with final liquidation and cash distributions to remaining shareholders on or about September 20, 2024, after which the ETF was delisted from the NYSE Arca. Prior to closure, DBEH managed approximately $17 million in assets under management as of June 2024 and was distributed by ALPS Distributors, Inc., with no reported recent partnerships, acquisitions, or new product launches specific to the Fund in the preceding 1-2 years.