iMGP DBi Managed Futures Strategy ETF (DBMF) Surpasses $5 Billion in Assets Under Management

iM Global Partner (iMGP) announced that the iMGP DBi Managed Futures Strategy ETF (DBMF) has surpassed $5 billion in assets under management as of September 18, 2026. The company positions the milestone as confirmation of DBMF's status as the largest managed futures ETF and as evidence of growing advisor and institutional demand for low-cost, transparent, and liquid access to a strategy historically concentrated in higher-fee hedge funds. The fund passed $1 billion in late 2022 and reached $5 billion roughly three years later, which the company attributes to advisors and models accelerating their adoption of managed futures in client portfolios.

Launched in 2019, DBMF now has a seven-year track record. According to Morningstar data as of August 31, 2026, the fund has delivered a 9.32% annualized return (NAV) since inception and 742 basis points of annual alpha versus the S&P 500. The fund's 2022 calendar-year return of +23.07% (NAV) is highlighted by the company as the clearest illustration of the strategy's diversification value, a year in which the S&P 500 returned -18.11% and the Bloomberg US Aggregate Bond Index returned -13.01%. The company notes that these results are past performance and do not guarantee future outcomes; the gross expense ratio is 0.85%.

DBMF is built on a replication approach. A multi-factor model seeks to replicate the pre-fee returns of leading CTA hedge funds using roughly 10 highly liquid futures contracts, rebalanced weekly. DBi, the fund's manager, is a Greenwich, Connecticut firm co-founded by Andrew Beer and Mathias Mamou-Mani, which the company says manages $8.5 billion in replication-based hedge fund strategies across ETFs, UCITS funds, and mutual funds as of September 18, 2026. Andrew Beer, co-portfolio manager of DBMF, said the milestone "belongs to the entire managed futures community" and that the goal was to "take a proven diversifier and make it easier to own and more rewarding to hold."

The fund is offered through iM Global Partner Fund Management, LLC, which has ultimate responsibility for the performance of the iMGP Funds and oversees their investment managers. iMGP reports $42 billion in assets under management as of August 31, 2026. The fund is distributed by ALPS Distributors, Inc., and the announcement notes that iMGP, DBi, and ALPS are unaffiliated. The release is a company press announcement and includes standard performance disclosures and risk warnings, including that principal loss is possible.