DBMF

iM DBi Managed Futures Strategy ETF
*Unless otherwise stated, data provided by FactSet.

DBMF Fund Description

DBMF aims to emulate the performance of a group of CTA hedge funds. The fund’s model allocates weights to derivatives selected by the fund’s active managers.

DBMF Factset Analytics Insight

DBMF’s 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. It’s 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 6.58 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 72nd percentile within its peer group and in the 76th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

DBMF Charts And Performance

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Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 08/05/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBMF 5.96% 0.87% 2.56% 9.71% -- -- --
DBMF (NAV) 5.23% 0.62% 1.95% 9.63% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBMF Summary Data

iM
05/08/19
Open-Ended Fund
0.85%
$30.92M
$311.12K
1.05%

DBMF Portfolio Data

Long/Short Broad-based
9.12%
N/A
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DBMF Index Data

No Underlying Index
Proprietary
Proprietary
N/A

DBMF Portfolio Management

0.85%
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--
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DBMF Tax Exposures

20.00% / 39.60%
9.01%
Ordinary income
No

DBMF Fund Structure

Open-Ended Fund
Yes
No
No Policy
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

DBMF Factset Analytics Block Liquidity

As of 08/06/20
5
4
3
2
1

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 Tradability

12,351
$311.12K
1,070
$27.10K
1.05%
$0.26
0.06%
2.21% / -1.10%
None
--
25,000
0.04
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0
$25.81
N/A

DBMF Asset Allocation

Short
Long
Net
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--

0.00%

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0.00%

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0.00%

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0.00%

DBMF Top 5 Holdings Long

15.18%
14.16%
11.07%
9.92%
9.26%

DBMF Top 5 Holdings Short

-0.02%

DBMF Performance Statistics

9.63%
4.29%
-3.22%
0.05
0.05
-1.11
4.02

DBMF Correlations (Daily Returns 12 Mo)

0.42
0.20
0.16

DBMF MSCI ESG Ratings

6.58 / 10
76.19
72.28
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