iMGP DBi Managed Futures Strategy ETF
DBMF
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1676 N. California Blvd. Walnut Creek CA United States of America 94596
- IPO Date
- May 8, 2019
- CIK
- 0001359057
- Website
- partnerselectfunds.com
- Similar Companies
- Business
- iMGP DBi Managed Futures Strategy ETF (DBMF) is an actively managed exchange-traded fund that seeks long-term capital appreciation by replicating the pre-fee performance of a representative basket of leading commodity trading advisor (CTA) managed futures hedge funds through a proprietary multifactor model. The fund invests primarily in 10-15 highly liquid futures contracts across equity indices, fixed income, currencies, and commodities; allocates up to 20% of assets to a wholly-owned Cayman Islands subsidiary for derivatives exposure; and holds select debt instruments for cash management, offering daily liquidity, transparency, and lower fees than traditional hedge funds without performance fees. Launched on May 8, 2019, and issued by iM Global Partner Fund Management LLC (iMGP), headquartered in Paris, France with U.S. offices in El Segundo, California, the ETF targets institutional and retail investors seeking diversification with low correlation to equities and bonds; as of late 2025, it manages approximately $1.4-1.9 billion in assets, positioning it as the world's largest managed futures ETF. Sub-advised by DBi LLC, a Greenwich, Connecticut-based firm founded in 2012 specializing in hedge fund replication, DBMF rebalances weekly to capture trends and mitigate risks from illiquidity, manager concentration, and human biases. In recent developments, iMGP and DBi expanded the strategy to Europe with the March 2025 listing of the iMGP DBi Managed Futures Fund R USD UCITS ETF (ticker DBMF FP) on Euronext Paris, followed by the London Stock Exchange, marking iMGP's first ETF launch in the region and providing UCITS-compliant access to the same replication approach. In April 2025, the firms launched the iMGP DBi Managed Futures ex-Commodities Fund R USD UCITS ETF (ticker MFA8 FP), the first SFDR Article 8 classified managed futures UCITS ETF with no direct commodity exposure for ESG-focused investors, also listed on Euronext Paris. The U.S. DBMF earned a 5-Star Morningstar rating in July 2024 for its superior risk-adjusted returns versus the SG CTA Index and peers, further solidifying its appeal amid growing inflows. These expansions reflect strategic growth in liquid alternatives, leveraging DBi's track record to broaden global distribution across Europe, the U.S., and registered markets including the UK, Switzerland, and Asia.