Los Angeles/New York – July 26, 2024.
iM Global Partner (iMGP) is proud to announce that the iMGP DBi Managed Futures Strategy ETF (DBMF) has received an overall 5-Star Morningstar ratingTM out of 67 funds in the Morningstar US ETF Systematic Trend category as of June 30, 2024, coinciding with its 5th year anniversary.
Morningstar’s rating system evaluates funds based on their risk-adjusted returns relative to similar funds. ETFs that rank in the top 10% of their category peers receive a 5-star rating.
DBMF is a pioneer in pre-free hedge fund replication and has brought the diversification benefits of managed futures to a broader investor base. Since inception DBMF has outperformed and delivered superior risk-adjusted returns (Sharpe Ratio) against both the SG CTA Index and the Morningstar® category. This achievement is driven by its index-plus replication approach, which combines mitigation of single-manager risk with low fees.
As of July 17, 2024, DBMF has $1.1 billion in assets under management, making it the largest Managed Futures ETF.
DBMF seeks long-term capital appreciation by using a sophisticated multifactor model to replicate the pre-fee returns of the largest commodity trading advisor hedge funds. The fund invests in approximately 10 highly-liquid futures contracts and is rebalanced weekly.
“We are honored to be recognized by Morningstar with this 5-star rating.” said Andrew Beer, co-Portfolio Manager of DBMF. “Advisors who seek to differentiate and add value to investment portfolios see Alternatives as one way to help them do that. We believe that DBMF is a must-have within the Alternatives allocation of clients’ portfolios. This 5-star rating, coupled with our alpha-generation since inception, cements DBMF’s position as one of the most compelling Alternatives solutions in the market”.
Jeff Seeley, CEO of iMGP Fund Management adds “As we celebrate the 5th anniversary of DBMF (the first ETF iM Global Partner Fund Management launched in 2019), we are proud of our commitment to delivering unique investment strategies from our Partners. This recognition from Morningstar highlights the success we’ve achieved over the past five years with DBMF, and we are grateful to offer such a valuable solution to the market.”
iM Global Partner is an asset manager with a difference. We are a dynamic network of specialist boutique investment managers, delivering solutions, across asset classes, to our discerning Institutional and Professional Investors across the globe. We are proud to call these businesses our Partners and they are the essence of what iM Global Partner stands for: uncovering what we believe to be the best, the very best investment talent. We had around USD $45 billion assets under management as of end June 2024.
For more information, visit imgp.com or follow us on LinkedIn.
Co-founded by Andrew Beer and Mathias Mamou-Mani, DBi is a Greenwich, CT-based pioneer in pre-fee hedge fund replication. DBi currently manages over $2.8 billion of replication-based hedge fund strategies in ETFs, UCITS funds and mutual funds for clients in the US, Latin America, Europe and Asia. The firm publishes extensively on hedge funds, liquid alternatives, quant investing and related topics, and is widely cited in the press.
For more information, visit dbi.co or follow us on LinkedIn.
Media Contact
Jeff Seeley (Los Angeles)
(323) 238-4518
Roselle Mansur (Los Angeles)
(310) 615-5199
Past performance is not indicative of future results.
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The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by calling 800-960-0188 or visiting www.partnerselectfunds.com. Read it carefully before investing.
iMGP DBi Managed Futures Strategy ETF Risks: Investing involves risk. Principal loss is possible. The Fund is “non-diversified,” so it may invest a greater percentage of its assets in the securities of a single issuer. As a result, a decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
The Morningstar Rating for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed products monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five, and 10-year (if applicable) Morningstar Rating metrics. The weights are 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10 year overall rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. iMGP DBi Managed Futures Strategy ETF (DBMF) was rated against the following numbers of U.S. Systematic Trend funds over the following time periods as of 6/30/2024: 4 stars out of 67 funds in the last three years and 5 stars out of 64 funds in the last 5 years. With respect to these U.S. Systematic Trend funds, iMGP DBi Managed Futures Strategy ETF (DBMF) received an Overall Morningstar Rating of 5 stars.
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iM Global Partner Fund Management, LLC has ultimate responsibility for the performance of the iMGP Funds due to its responsibility to oversee the funds’ investment managers and recommend their hiring, termination, and replacement.
The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, Inc. iMGP, DBi and ALPS are unaffiliated.