iMGP DBi Managed Futures Strategy ETF

The iMGP DBi Managed Futures Strategy ETF is an actively managed exchange-traded fund focused on the managed futures strategy, a subset of hedge fund approaches known as Commodity Trading Advisors (CTAs). It seeks long-term capital appreciation by replicating the pre-fee performance of a representative basket of leading managed futures hedge funds, using systematic trend-following models to identify and capture price trends across diverse asset classes including equities, fixed income, currencies, and commodities. The fund employs long and short positions primarily through highly liquid futures and forward contracts, typically holding 10-15 positions, which enables dynamic tactical adjustments without reliance on macroeconomic forecasts. Notable features include a low expense ratio of 0.85%, daily liquidity, no performance fees or K-1 distributions, and lower correlations to traditional equities and bonds, providing portfolio diversification benefits. With net assets exceeding $2.3 billion and a four-star Morningstar rating for risk-adjusted returns among systematic trend funds, it stands as the world's largest managed futures ETF, managed by iM Global Partner and sub-advised by Dynamic Beta investments. This structure minimizes key hedge fund risks like high fees and opacity while aiming to deliver alpha through efficient implementation.