Key Takeaways
- • DBMF inception and structure: The iMGP DBi Managed Futures Strategy ETF launched May 8, 2019, and is managed by Edge Wealth Management LLC founders Andrew Beer and Mathias Mamou-Mani, with partial ownership by iM Global Partner.
- • Portfolio concentration: Top 10 holdings represent 85.38% of total portfolio assets as of December 31, 2025, indicating a concentrated strategy focused on systematic trend-following across equities, fixed income, currencies, and commodities.
- • Managed futures replication strategy: DBMF is designed to replicate the exposure of more expensive managed futures portfolios and hedge fund CTAs, offering institutional investors liquid, lower-cost access to systematic trend-following strategies.
- • Performance tracking: Year-to-date return of 10.27% as of the measurement date, outperforming the category average of 9.87%, with long-term performance data available from January 3, 2000 through March 31, 2026, net of fees.
- • Institutional adoption: The fund maintains 300+ institutional owners and shareholders who have filed 13D/G or 13F filings, demonstrating institutional-grade traction among hedge funds, family offices, and asset managers.
Summary
The iMGP DBi Managed Futures Strategy ETF (ticker: DBMF) represents a systematic approach to alternative asset exposure through a liquid, exchange-traded structure. Launched May 8, 2019, the fund is managed by Andrew Beer and Mathias Mamou-Mani, founders of Edge Wealth Management LLC, a New York-based firm established in 2012. The fund is partially owned by iM Global Partner, a global asset management network specializing in boutique active managers across multiple asset classes.
DBMF employs a long-and-short derivatives strategy centered on systematic trend-following, utilizing futures contracts and forward contracts across four primary asset classes: equities, fixed income, currencies, and commodities. This structure allows the fund to generate returns independent of traditional market direction, a key advantage for institutional portfolio diversification. The strategy explicitly targets replication of higher-cost managed futures portfolios and commodity trading advisor (CTA) strategies, making sophisticated alternative exposure accessible through a low-cost ETF vehicle.
As of December 31, 2025, the fund's top 10 holdings comprised 85.38% of total portfolio assets, reflecting a concentrated allocation strategy consistent with systematic trend-following methodologies. Performance metrics show strong institutional adoption, with the fund recording a year-to-date return of 10.27% as of the measurement period, exceeding the category average of 9.87%. The fund's historical performance data spans from January 3, 2000 through March 31, 2026, net of all fees, providing a comprehensive long-term track record for institutional evaluation.
Institutional ownership remains robust, with over 300 institutional shareholders and owners having filed 13D/G or 13F filings, indicating substantial penetration among hedge funds, family offices, endowments, and asset managers seeking alternative beta exposure. This level of institutional adoption underscores DBMF's positioning as a credible alternative to traditional hedge fund allocations and discretionary managed futures vehicles for investors prioritizing liquidity, transparency, and cost efficiency.
DBMF employs a long-and-short derivatives strategy centered on systematic trend-following, utilizing futures contracts and forward contracts across four primary asset classes: equities, fixed income, currencies, and commodities. This structure allows the fund to generate returns independent of traditional market direction, a key advantage for institutional portfolio diversification. The strategy explicitly targets replication of higher-cost managed futures portfolios and commodity trading advisor (CTA) strategies, making sophisticated alternative exposure accessible through a low-cost ETF vehicle.
As of December 31, 2025, the fund's top 10 holdings comprised 85.38% of total portfolio assets, reflecting a concentrated allocation strategy consistent with systematic trend-following methodologies. Performance metrics show strong institutional adoption, with the fund recording a year-to-date return of 10.27% as of the measurement period, exceeding the category average of 9.87%. The fund's historical performance data spans from January 3, 2000 through March 31, 2026, net of all fees, providing a comprehensive long-term track record for institutional evaluation.
Institutional ownership remains robust, with over 300 institutional shareholders and owners having filed 13D/G or 13F filings, indicating substantial penetration among hedge funds, family offices, endowments, and asset managers seeking alternative beta exposure. This level of institutional adoption underscores DBMF's positioning as a credible alternative to traditional hedge fund allocations and discretionary managed futures vehicles for investors prioritizing liquidity, transparency, and cost efficiency.
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