ETF Evaluator:
iMGP DBi Absolute Return ETF (DBAR)
Follow This ETF
(as of Oct 12)
Best Performing in Multi-Asset Overlay Over the Last Year
| 35.6% | Return Stacked® US Stocks & Mgd Futs ETF (RSST) |
| 32.3% | Return Stacked® US Stk & Futs Yld ETF (RSSY) |
| 29.6% | WisdomTree Emerging Mkts Effcnt Cr ETF (NTSE) |
| 17.4% | PlanRock Equity Plus Alternatives ETF (PRAE) |
| 16.4% | WisdomTree Efcnt Gld Pls Eq Stgy ETF (GDE) |
Risk
Index
Risk
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ETF Details
iMGP DBi Absolute Return ETF Overview
iMGP DBi Absolute Return ETF (DBAR) is an actively managed Alternative Multi-Asset Overlay exchange-traded fund (ETF). iM Global Partner Fund Management launched the ETF in 2026.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in the Managed Futures Strategy and the U.S. Equity Strategy. It is non-diversified.
About iMGP DBi Absolute Return ETF (DBAR)
There are 2 members of the management team with an average tenure of 0.00 years: Andrew Beer (2026) and Mathias Mamou-Mani (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 0 primary benchmark: . iMGP DBi Absolute Return ETF has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iMGP DBi Absolute Return ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. iMGP DBi Absolute Return ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iMGP DBi Absolute Return ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $501 million in total assets, which is below the $232 million average for the Multi-Asset Overlay category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DBAR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iMGP DBi Absolute Return ETF expense ratio is high compared to funds in the Multi-Asset Overlay category. iMGP DBi Absolute Return ETF has an expense ratio of 0.86%, which is 19% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iMGP DBi Absolute Return ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 79% for the Multi-Asset Overlay category.
Recently, in the month of September 2026, iMGP DBi Absolute Return ETF returned 0.0%, which earned it a grade of NA, as the Multi-Asset Overlay category had an average return of -1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iMGP DBi Absolute Return ETF has a trailing yield of 0.00%, which is below the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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DBAR Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DBAR Return (NAV) | na | na | na | na | na | na |
| DBAR Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Multi-Asset Overlay Avg | -1.8% | 3.2% | 15.4% | 29.2% | 7.3% | na |
| DBAR Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| DBAR Tax-Cost Ratio | na | na | na | na | na | na |
DBAR Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DBAR Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| DBAR Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Multi-Asset Overlay Avg | 10.3% | 38.5% | 14.7% | 19.0% | -21.7% | 22.2% | 24.9% | 31.5% | na | na | na |
| DBAR Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.86% |
| Index Fund: | No |
| Index Tracked: | None |
| Index Weighting: | 0% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Beer Andrew (2026), Mamou-Mani Mathias (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iM Global Partner Fund Management |
| Phone Number: | 800-960-0188 |
| Website: | www.mastersfunds.com |
| Inception Date: | September 29, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.86% (Rating: High) |
| Category Average Expense Ratio (%): | 0.72% |
