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.”
About iM Global Partner
iM Global Partner is an asset manager with a difference. We are
a dynamic network of specialist boutique investment managers,
delivering best-in-class 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.
About DBi
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.
Past performance is not indicative of future results.
For standardized performance, click here.
Disclaimer
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.
© 2024 Morningstar Inc. All Rights Reserved. The information
contained herein: (1) is proprietary to Morningstar; (2) may not be
copied or distributed; and (3) is not warranted to be accurate,
complete or timely. Neither Morningstar nor its content providers
are responsible for any damages or losses arising from any use of
this information.
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.
LGE000384 exp. 6/30/2025
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240729562024/en/
Media Contact Jeff Seeley (Los Angeles) (323) 238-4518 Roselle
Mansur (Los Angeles) (310) 615-5199 media@imgp.com