iMGP DBi Managed Futures Strategy ETF (DBMF)
| Assets | $684.17M |
| Expense Ratio | 0.85% |
| PE Ratio | 24.50 |
| Shares Out | 25.58M |
| Dividend (ttm) | $2.25 |
| Dividend Yield | 8.41% |
| Ex-Dividend Date | Dec 28, 2022 |
| Payout Ratio | 205.61% |
| 1-Year Return | -17.01% |
| Volume | 165,132 |
| Open | 26.66 |
| Previous Close | 26.79 |
| Day's Range | 26.63 - 26.78 |
| 52-Week Low | 25.63 |
| 52-Week High | 35.14 |
| Beta | -0.14 |
| Holdings | 15 |
| Inception Date | May 8, 2019 |
About DBMF
Fund Home PageThe iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund 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 was launched on May 8, 2019 and is managed by iM.
Top 10 Holdings
251.61% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offsets For Shorts & Derivatives | n/a | 172.41% |
| United States Treasury Bills | B 0 09.07.23 | 84.50% |
| MSCI EAFE NTR (USD) - Stnd Index Future June23 | n/a | 22.22% |
| Gold 100 oz June23 | n/a | 11.80% |
| Euro Fx Curr Fut Jun23 | n/a | 10.63% |
| Wti Crudefuture Jun23 | n/a | -3.61% |
| S+p500 Emini Fut Jun23 | n/a | -6.66% |
| Msci Emgmkt Jun23 | n/a | -8.01% |
| Jpn Yen Curr Fut Jun23 | n/a | -15.19% |
| Us 10yr Ultra Fut Jun23 | n/a | -16.47% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 28, 2022 | $2.2474 | Dec 30, 2022 |
| Dec 30, 2021 | $2.6772 | Jan 3, 2022 |
| Dec 29, 2020 | $0.202 | Dec 31, 2020 |
| Mar 27, 2020 | $0.01736 | Mar 31, 2020 |
| Dec 27, 2019 | $2.290 | Dec 31, 2019 |
| Sep 27, 2019 | $0.04661 | Oct 1, 2019 |
News
Is Your Portfolio Positioned for Economic Weakening?
The World Bank raised real GDP estimates for the U.S. in 2023 while slashing them in 2024 in its latest report. Likewise, global economic growth forecasts reflect weakening next year.
As Gold Shines in 2023, DBMF Captures Changing Trend
It's been a relatively good year for gold prices after months of falling prices in the latter half of 2022. Investors continue to buy into gold during peak market stresses, a trend that the iMGP DBi M...
Managed Futures ETF DBMF Finds Footing in May
Aside from Nvidia's monumental gains in recent days, markets remain tense and relatively flat as investors await a debt ceiling resolution. Continued volatility from various market stressors creates o...
Capture Second Half Trends With Managed Futures
Debt ceiling turmoil is likely to draw to a close soon, leaving investors to focus on second-half positioning and trends. For those looking to increase non-correlated returns amidst second-half econom...
As Market Tension Persists, Consider Managed Futures
The S&P 500 and Nasdaq both closed down 1% in trading Tuesday as debt ceiling talks continued. For investors looking for price opportunity and trend capture as the economy slows, look to the iMGP DBi ...
DBMF Offers “Index-Plus” Performance in ETF Wrapper
It's been a rocky year for managed futures performance after strong outperformance in 2022. Despite temporary setbacks in changing trends, the strategy still offers a number of potential benefits to p...
A Historical Look at Managed Futures Returns and Performance
This year remains a challenging year for most asset classes and strategies, managed futures included. The strategy is a compelling one, however, when looking back at long-term historical performance, ...
Under the Hood of DBMF: April Performance
Managed futures strategies continue to tease out emerging trends in the wake of bank failures and ahead of recession. The iMGP DBi Managed Futures Strategy ETF (DBMF) exhibited strong performance last...
Managed Futures ETF DBMF Maintains Low Correlations
As earnings season continues, equities remain largely afloat but as recession risk looms on the horizon, a number of asset classes face a challenging second half. For advisors and investors looking fo...
Bank Contagion Fears Flare: Ride Volatility With DBMF
On the heels of another Fed rate hike, regional bank shares have plummeted as more regional banks flash warning signals.
Mind the Gap: Equity Dispersion Remains Pronounced
A surprise to the upside for many mega-cap stocks this earnings season, including Amazon, Meta, Alphabet, and more, resulted in major equity indexes rallying Thursday, with the Dow Jones Industrial Av...
A Guide to DBMF's Positioning in the Wake of the Bank Crisis
The failure of Silicon Valley Bank and Signature Bank in March brought about an abrupt crash to the inflation trade that had offered strong returns during the last year for managed futures strategies.
Ride Out Bank Sector Aftershocks With Managed Futures
Bank stress caused by the Fed's aggressive interest-rate-hiking regime, alongside the collapse of two regional banks, continues to spread tension throughout the banking sector.
Transportation Flashes Recession Warning: Diversify With DBMF
Stocks for the transportation industry, as well as small-caps, have fallen behind the broad market as investors position for recession this year.
3 Questions Investors Are Currently Asking About Managed Futures
After a stellar year of outperformance in 2022, managed futures strategies have faced a number of challenges this year, including the abrupt reversal of the inflation trade in March on the heels of ba...
Andrew Beer Discusses the Collapse of the Inflation Trade and DBMF
March brought about a drastic shift in markets on the backs of the collapse of two U.S. regional banks, creating a ripple effect that reverberated through markets and caught many managed futures strat...
IMF Forecasts a Long Season of Global Economic Risk
Those that were hoping for a rapid return to normalcy heading into this year are in for disappointment according to the International Monetary Fund, which is currently forecasting persistent elevated ...
Markets Drop on JOLTS Report: Invest for Volatility With DBMF
Markets may be finally shaking the year-long trend of bad economic news is good news for markets with the release of February's JOLTS report on Tuesday that revealed job openings dropping at a more ra...
Amid Banking System Worries, Keep Volatility in Check With DBMF
Volatility has seen a recent spike thanks to a shaky banking system, as highlighted by recent collapses of names like Credit Suisse and First Republic bank. While help is on the way, the recent develo...
Compare the Cost of Managed Futures ETFs to Funds
Looking to get into the world of managed futures ETFs? Advisors may well be intrigued by a strategy that combines can take long and short positions across asset classes in such a volatile market.
Andrew Beer: This Is the Time to Buy Managed Futures
March has been a rollercoaster month for markets. The collapse of two regional banks mid-month sent shockwaves throughout the bond market that reverberated globally as investors fled to Treasuries, dr...
Recession Risks: Consumer Confidence and the “Wealth Effect”
The Federal Reserve raised interest rates another quarter point this month, though signaled that an end could be in sight as they keep an eye on banking sector turmoil.
Banks Take a Breather: Consider Managed Futures in Uncertainty
Markets closed for the day on the reassurance that big banks were stepping in to provide relief for troubled regional bank First Republic, quelling immediate concerns of bank contagion.
A Look at Managed Futures and DBMF Performance in February
Markets came into the beginning of the year priced for perfection that the U.S. would avoid a major recession, Fed rate hikes would conclude soon, and inflation would fall rapidly back near its 2% tar...
The Favorable Environment for Macro Strategies Could Last Years
Macro trading strategies utilized for decades by hedge funds have swung back into favor in the last year and look to be here to stay, given the change in central bank policies that are likely to creat...