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Fund Name:

Ticker:

DBMF seeks to replicate the pre-fee performance of leading managed futures hedge funds and outperform through fee/expense disintermediation.

Morning Star Rating

     Overall Morningstar Rating™

DBMF: Four Star Overall Morningstar Rating™ as of September 30, 2025 out of 62 US ETF Systematic Trend Funds based on risk adjusted returns.

Investment Objective

The fund seeks long-term capital appreciation. The fund will employ long and short positions in derivatives, primarily futures contracts and forward contracts, across the broad asset classes of equities, fixed income, currencies and commodities.

One Stop ETF Hedge Fund Diversifier

At 85 bps flat fee

Isolates Alpha From Core Factor Rotations

Across commodities, rates, currencies and equities

Minimizes Key Hedge Fund Risks

Single manager, high fees consume alpha


Due Diligence Toolkit


Prospectus

Presentation

Fact Sheet

DBMF Annual Review

DBMF Overview

Video Monthly Update

Commentary

DBMF Microsite

The New York based team of DBi has conducted over a decade of proprietary research into the drivers of hedge fund performance. The firm is an innovator in the liquid alternative space with its first factor based product launched in May 2007. *Beta strategies are index-based investment strategies that seek to generate superior risk-adjusted returns through transparent quantitative techniques and rules-based criteria which are based on specific factors or attributes that drive investment returns.
Target Manager Allocation: 100.00%
Stock-Picking Style:

Andrew Beer

DBi
Founder & Managing Member

Mathias Mamou-Mani

DBI
Managing Member

DBMF

$1,511,530,000.00

56170L828

USD $28.9

US53700T8273

05/07/2019

Managed Futures

Active Managed Futures ETF

0.85%


State Street Bank

Alps Distributors

NYSE Arca

iM Global Partner

Dynamic Beta investments

1099

Quarterly (Ordinary Income), Annual (Capital Gains)

Virtu

$28.9001

As of 11/26/2025

0.16 (0.57%)

As of 11/26/2025

6.28%

As of 11/26/2025

0.85%

Asset Class

Alternative

Share Class inception Date

05/07/2019

Benchmark

Bloomberg US Aggregate Bond Index

CUSIP

56170L828

Registered Locations

US

iMGP DBi Managed Futures Strategy ETF Value of Hypothetical $10,000
The value of a hypothetical $10,000 investment in the iMGP DBi Managed Futures Strategy ETF compared with the iMGP DBi Managed Futures Strategy ETF (Price), Bloomberg US Aggregate Bond Index, Morningstar Systematic Trend Category, SG CTA Index.

  • Growth of Investment
  • Annualized
  • Calendar Year

* The hypothetical $10,000 investment at fund inception includes changes due to share price and reinvestment of dividends and capital gains. The chart does not imply future performance. Indexes are unmanaged, do not incur fees, expenses or taxes, and cannot be invested in directly.
Performance quoted does not include a deduction for taxes that a shareholder would pay on the redemption of fund shares.

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-898-1041.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

All of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization on 09/20/2021.

Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

SG CTA Index:The SG CTA Index is an index published by Société Générale that is designed to reflect the performance of a pool of Commodity Trading Advisor (CTAs) selected from larger managers that employ systematic managed futures strategies. The index is reconstituted annually.

Date Security Name CUSIP Ticker Shares Qty Market Value Weight
11/26/2025 JPN YEN CURR FUT DEC25 56170L828 JYZ5 -21,288,750 $ -1,368,866,625.00 -0.7
11/26/2025 WTI CRUDEFUTURE FEB26 56170L828 CLG6 -1,542,000 $ -89,035,080.00 -0.05
11/26/2025 MSCI EAFEDEC25 56170L828 MFSZ5 36,250 $ 100,807,625.00 0.05
11/26/2025 S+P500 EMINI FUT DEC25 56170L828 ESZ5 16,050 $ 108,843,075.00 0.06
11/26/2025 GOLD 100 OZ FUTR FEB26 56170L828 GCG6 65,400 $ 273,195,420.00 0.14
11/26/2025 US LONG BOND(CBT) MAR26 56170L828 USH6 346,700,000 $ 408,022,562.50 0.21
11/26/2025 MSCI EMGMKT DEC25 56170L828 MESZ5 310,900 $ 424,596,130.00 0.22
11/26/2025 EURO FX CURR FUT DEC25 56170L828 ECZ5 421,250,000 $ 488,481,500.00 0.25
11/26/2025 TREASURY BILL 56170L828 - 571,000,000 $ 569,149,600.27 0.29
11/26/2025 US 10YR NOTE (CBT)MAR26 56170L828 TYH6 630,000,000 $ 715,640,625.00 0.37
11/26/2025 TREASURY BILL 56170L828 - 973,000,000 $ 969,471,824.16 0.49
11/26/2025 US 2YR NOTE (CBT) MAR26 56170L828 TUH6 1,205,000,000 $ 1,259,366,213.95 0.64
11/26/2025 TOTAL NET ASSETS 56170L828 - - $ 1,960,614,036.22 -

* Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

Net Assets of the Fund (11/26/2025) $1,987,607,160

Shares Outstanding (11/26/2025) 68,775,000

Last Market Price (11/26/2025) $28.93

Change in Last Market Price (11/26/2025) $0.16

Premium/Discount (11/26/2025) 0.03

30-Day Median Bid-Ask Spread (11/26/2025) 0.04

Volatility 11.43%

Sharpe 0.43

Max Drawdown -17.17%

Correlation to SG CTA 0.87

Alpha to SG CTA 2.80%

Beta to S&P500 -0.08

Shareholder Fees

None

Management Fee

0.85%

Distribution and/or Service (12B-1) Fees

0.00%

Other Expenses

0.00%

Acquired Fund Expenses

0.00%

Total Fees

0.85%

Disclosure:

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.imgpfunds.com. Read it carefully before investing.

iMGP DBi Managed Futures Strategy ETF Risks: Investing involves risk. Principal loss is possible.

Leverage may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the fund to be more volatile than if leverage was not used.

The Fund should be considered highly leveraged and is suitable only for investors with high tolerance for investment risk. Futures contracts and forward contracts can be highly volatile, illiquid and difficult to value, and changes in the value of such instruments held directly or indirectly by the Fund may not correlate with the underlying instrument or reference assets, or the Fund’s other investments. Derivative instruments and futures contracts are subject to occasional rapid and substantial fluctuations. Taking a short position on a derivative instrument or security involves the risk of a theoretically unlimited increase in the value of the underlying instrument. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Exposure to foreign currencies subjects the Fund to the risk that those currencies will change in value relative to the U.S. Dollar. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. Fixed income securities, or derivatives based on fixed income securities, are subject to credit risk and interest rate risk.

A commission may apply when buying or selling an ETF.

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 9/30/2025: 62 funds in the last 3 years, and 60 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 4 stars for the time period 9/30/2025.

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Diversification does not assure a profit nor protect against loss in a declining market.

Index Definitions | Industry Terms and Definitions

The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, Inc.