DBMF ETF Passes $5 Billion as Managed-Futures Demand Grows

iM Global Partner said its DBi Managed Futures Strategy ETF, ticker DBMF, exceeded $5 billion in assets under management on September 18. The firm called it the largest managed futures ETF and linked the milestone to growing advisor and institutional demand.

The fund began in 2019 and has a seven-year track record, according to the company. Morningstar data through August 31 showed an annualized return of 9.32% since inception and annual alpha of 742 basis points versus the S&P 500.

DBMF uses a multi-factor model to replicate the pre-fee returns of commodity trading adviser hedge funds. The fund invests in roughly 10 liquid futures contracts and rebalances weekly, according to the company. Its gross expense ratio is 0.85%.

The fund returned 23.07% in 2022, while the S&P 500 fell 18.11% and the Bloomberg US Aggregate Bond Index declined 13.01%, according to the release. Those index figures are for context and are not returns of the fund. The company noted that the 2022 result covers a single year and does not indicate future performance.