DBMF iM DBi Managed Futures Strategy ETF

This is an actively managed fund that seeks long-term capital appreciation. The Fund seeks to achieve its objective by: (i) investing its assets pursuant to managed futures strategy (described below); (ii) allocating up to 10% of its total assets in its wholly-owned subsidiary (the “Subsidiary”), which is organized under the laws of the Cayman Islands, is advised by the Sub-Adviser (as defined herein), and will comply with the Fund’s investment objective and investment policies; and (iii) investing directly in select debt instruments for cash management and other purposes. The Fund’s managed futures strategy employs long and short positions in derivatives, primarily futures contracts and forward contracts, across the broad asset classes of equities, fixed income, currencies and, through the Subsidiary, commodities. Fund positions in those contracts are determined based on a proprietary, quantitative model – the Dynamic Beta Engine – that seeks to identify the main drivers of performance by approximating the current asset allocation of a selected pool of the largest commodity trading advisor hedge funds (“CTA”), which are hedge funds that use futures or forward contracts to achieve their investment objectives.

$25.83  -0.13 (-0.50%)
As of 03/24/2023 14:09:29 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     iM Global Partner
Category1:  Alternatives
Category2:  Managed futures
Category3:  
Morningstar category:  
Leverage factor:  1.00
Inception date:  05/08/2019
Current yield:  4.55%
Historical average yield:  5.96%
Market cap:  $771,012,000
Average volume:  440,644
Fees:     0.8500%
Investment style: Actively managed