{
 "ticker": "DBMF",
 "name": "iMGP DBi Managed Futures Strategy ETF",
 "issuer": "iMGP",
 "desk": "alternatives",
 "url": "https://etfiq.com/funds/dbmf",
 "html": "https://etfiq.com/funds/dbmf",
 "markdown": "https://etfiq.com/funds/dbmf.md",
 "as_of": "2026-10-28",
 "verdict": "Over the year to Oct 28, 2026, DBMF returned 22.1%. When the S&P 500 fell, it fell 19% as much.",
 "promise": {
  "badge": null,
  "label": "Not measured",
  "category": "alternatives",
  "sentence": "its strategy, systematic trend, states no objective ETFIQ can measure",
  "figure": null,
  "unit": null,
  "from": null,
  "to": null,
  "url": "https://etfiq.com/promise-index/alternatives/"
 },
 "key_facts": [
  {
   "key": "correlation_with_the_s_p_500",
   "label": "Correlation with the S&P 500",
   "value": "+0.26",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-28",
   "sentence": "DBMF, correlation with the S&P 500: +0.26, as of Oct 28, 2026.",
   "cite": {
    "value": "+0.26",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/dbmf#fact-correlation-with-the-s-p-500",
    "text": "DBMF, correlation with the S&P 500: +0.26, as of Oct 28, 2026."
   }
  },
  {
   "key": "beta_to_the_s_p_500",
   "label": "Beta to the S&P 500",
   "value": "+0.21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-28",
   "sentence": "DBMF, beta to the S&P 500: +0.21, as of Oct 28, 2026.",
   "cite": {
    "value": "+0.21",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/dbmf#fact-beta-to-the-s-p-500",
    "text": "DBMF, beta to the S&P 500: +0.21, as of Oct 28, 2026."
   }
  },
  {
   "key": "down_week_capture",
   "label": "Down-week capture",
   "value": "19.1%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-28",
   "sentence": "DBMF, down-week capture: 19.1%, as of Oct 28, 2026.",
   "cite": {
    "value": "19.1%",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/dbmf#fact-down-week-capture",
    "text": "DBMF, down-week capture: 19.1%, as of Oct 28, 2026."
   }
  },
  {
   "key": "against_t_bills_52_weeks",
   "label": "Against T-bills, 52 weeks",
   "value": "+18.8 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-28",
   "sentence": "DBMF, against T-bills, 52 weeks: +18.8 pts, as of Oct 28, 2026.",
   "cite": {
    "value": "+18.8 pts",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/dbmf#fact-against-t-bills-52-weeks",
    "text": "DBMF, against T-bills, 52 weeks: +18.8 pts, as of Oct 28, 2026."
   }
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "5.6%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-10-28",
   "sentence": "DBMF, 12-month yield, capital gains included, on its starting price: 5.6%, as of Oct 28, 2026.",
   "cite": {
    "value": "5.6%",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/dbmf#fact-12-month-yield-capital-gains-included-on-its-starting-price",
    "text": "DBMF, 12-month yield, capital gains included, on its starting price: 5.6%, as of Oct 28, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid quarterly), ex-date Sep 29, 2026",
   "value": "$0.1456",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-09-29",
   "sentence": "DBMF, last payment (paid quarterly), ex-date Sep 29, 2026: $0.1456, as of Sep 29, 2026.",
   "cite": {
    "value": "$0.1456",
    "as_of": "2026-09-29",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/dbmf#fact-last-payment",
    "text": "DBMF, last payment (paid quarterly), ex-date Sep 29, 2026: $0.1456, as of Sep 29, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5.2bn",
   "source": "issuer page, as of Oct 27, 2026",
   "as_of": "2026-10-27",
   "sentence": "DBMF, net assets: $5.2bn (issuer page, as of Oct 27, 2026).",
   "cite": {
    "value": "$5.2bn",
    "as_of": "2026-10-27",
    "source": "issuer page, as of Oct 27, 2026",
    "url": "https://etfiq.com/funds/dbmf#fact-net-assets",
    "text": "DBMF, net assets: $5.2bn (issuer page, as of Oct 27, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-04-30",
   "sentence": "DBMF, expense ratio: 0.85% (485BPOS XBRL, Apr 30, 2026).",
   "cite": {
    "value": "0.85%",
    "as_of": "2026-04-30",
    "source": "485BPOS XBRL, Apr 30, 2026",
    "url": "https://etfiq.com/funds/dbmf#fact-expense-ratio",
    "text": "DBMF, expense ratio: 0.85% (485BPOS XBRL, Apr 30, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "issuer",
   "label": "Issuer",
   "value": "iMGP",
   "source": null
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Managed futures",
   "source": "ETFIQ, from its prospectus"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5.2bn",
   "source": "issuer page, as of Oct 27, 2026"
  },
  {
   "key": "index_its_prospectus_names",
   "label": "Index its prospectus names",
   "value": "Bloomberg US Aggregate Bond Index; no other fund tracks it",
   "source": null
  },
  {
   "key": "weeks_measured",
   "label": "Weeks measured",
   "value": "52, from Oct 29, 2025 to Oct 28, 2026",
   "source": null
  },
  {
   "key": "weeks_the_s_p_500_fell",
   "label": "Weeks the S&P 500 fell",
   "value": "26",
   "source": null
  },
  {
   "key": "the_s_p_500_in_those_weeks_on_average",
   "label": "The S&P 500 in those weeks, on average",
   "value": "\u22121.10%",
   "source": null
  },
  {
   "key": "dbmf_in_those_weeks_on_average",
   "label": "DBMF in those weeks, on average",
   "value": "\u22120.21%",
   "source": null
  },
  {
   "key": "dbmf_total_return_over_those_weeks",
   "label": "DBMF total return over those weeks",
   "value": "+22.5%",
   "source": null
  },
  {
   "key": "t_bills",
   "label": "T-bills",
   "value": "+3.6%",
   "source": null
  },
  {
   "key": "when_stocks_fell",
   "label": "When stocks fell",
   "value": "S&P 500 \u22124.9% in March 2026; DBMF \u22123.8%",
   "source": null
  },
  {
   "key": "weekly_correlation_with_the_s_p_500",
   "label": "Weekly correlation with the S&P 500",
   "value": "+0.26, 52 weeks to Oct 28, 2026",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "May 8, 2019",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "1,880",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+1.4%",
   "S&P 500 (SPY)": "+0.9%"
  },
  {
   "window": "3 months",
   "Total return": "+6.6%",
   "S&P 500 (SPY)": "+6.1%"
  },
  {
   "window": "6 months",
   "Total return": "+6.8%",
   "S&P 500 (SPY)": "+9.1%"
  },
  {
   "window": "Year to date",
   "Total return": "+18.9%",
   "S&P 500 (SPY)": "+14.1%"
  },
  {
   "window": "1 year",
   "Total return": "+22.1%",
   "S&P 500 (SPY)": "+13.6%"
  },
  {
   "window": "3 years",
   "Total return": "+34.1%",
   "S&P 500 (SPY)": "+95.0%"
  },
  {
   "window": "5 years",
   "Total return": "+57.4%",
   "S&P 500 (SPY)": "+79.8%"
  },
  {
   "window": "Since launch",
   "Total return": "+101.7%",
   "S&P 500 (SPY)": "+199.9%"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+9.8%",
   "S&P 500 (SPY)": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "Does DBMF move with the S&P 500?",
   "a": "Over the year to Oct 28, 2026, DBMF\u2019s weekly returns had a correlation of +0.26 with the S&P 500\u2019s, on a scale where 1 moves in step, 0 shows no pattern and \u22121 moves opposite. Its beta was +0.21, so for each 1% the index moved it moved about 0.21% the same way."
  },
  {
   "q": "What did DBMF do when stocks fell?",
   "a": "The S&P 500 fell in 26 of the 52 weeks to Oct 28, 2026, by 1.10% on average. In those weeks DBMF fell 0.21% on average, a down-week capture of 19.1%."
  },
  {
   "q": "Did DBMF earn more than cash?",
   "a": "Over the same 52 weeks DBMF returned +22.5% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. DBMF finished 18.8 percentage points ahead of it."
  },
  {
   "q": "What does DBMF cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  },
  {
   "q": "Why is DBMF listed as managed futures?",
   "a": "ETFIQ files each fund by what its own prospectus says it does, and DBMF\u2019s, filed Apr 30, 2026, describes a managed futures fund."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 28, 2026",
   "value": "$33.31 on Oct 12, 2026",
   "as_of": "2026-10-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 33.31,
   "window": {
    "from": "2025-10-29",
    "to": "2026-10-28"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 28, 2026",
   "value": "$28.04 on Nov 4, 2025",
   "as_of": "2025-11-04",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 28.04,
   "window": {
    "from": "2025-10-29",
    "to": "2026-10-28"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 28, 2026, within that range",
   "value": "$32.93, 93% of the way from the low to the high",
   "as_of": "2026-10-28",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 32.93
  }
 ],
 "trading": {
  "as_of": "2026-03-12",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored."
  ],
  "page": "https://etfiq.com/funds/dbmf/trading/"
 },
 "flows": {
  "as_of": "2026-06-30",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/dbmf.json",
  "windows": [],
  "latest_month": {
   "month": "2026-06",
   "net_flow_usd": 36223165,
   "net_flow": "+$36.2m",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-29",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, DBMF, alternatives ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/dbmf"
}