iMGP DBi Managed Futures Strategy ETF

Frequently Asked Questions About DBMF

What does DBMF invest in?

The fund utilizes a multi-pronged strategy to achieve its investment objectives. Primarily, it dedicates its assets to a managed futures investment approach. Furthermore, it may channel up to 20% of its total capital into a fully-owned offshore subsidiary. This entity, legally established in the Cayman Islands and guided by the Sub-Advisor, will consistently align with the fund's main investment goals and rules. Lastly, for managing cash flow and other operational requirements, the fund directly acquires specific debt securities. It is important to note that this fund is structured as a non-diversified investment.

What is the expense ratio of DBMF?

iMGP DBi Managed Futures Strategy ETF (DBMF) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is DBMF's dividend yield?

DBMF's trailing-twelve-month yield is 4.85%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DBMF?

Effective duration measures DBMF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DBMF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DBMF?

DBMF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DBMF?

Yield to maturity (YTM) is the total return you'd earn from DBMF if every bond in the portfolio is held to maturity at the current price. DBMF's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.