DBMFiM DBi Managed Futures Strategy ETF
DBMF Fund Description
DBMF aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers.
DBMF Factset Analytics Insight
DBMFs managed futures offering uses hedge-fund replication techniques aiming to imitate the performance of a group of Commodity Trading Advisor (CTA) hedge funds. CTAs use derivatives to invest across asset classes not just commodities. Similarly, DBMF, uses long and short positions in futures and forwards across asset classes to emulate the returns of a group of CTAs. DBMF does not invest directly in hedge funds. Its an actively-managed ETF that can allocate to a Cayman-based subsidiary for the commodity portion of its exposure. (The Cayman arrangement is not uncommon among alternative or commodity ETFs.) Still, the prospectus emphasizes that allocations to asset classes are made by a model and that the active management is largely confined to selecting the most liquid variants of the derivatives needed. The model includes a volatility target.
DBMF MSCI ESG Analytics Insight
iM DBi Managed Futures Strategy ETF has an MSCI ESG Fund Rating of A based on a score of 6.10 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iM DBi Managed Futures Strategy ETF ranks in the 49th percentile within its peer group and in the 49th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DBMF Portfolio Management
DBMF Tax Exposures
DBMF Fund Structure
DBMF Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBMF. DBMF is rated a N/A out of 5.
DBMF Asset Allocation