iMGP DBi Hedge Strategy ETF

DBEH is a Global Hedge Fund ETF. The Fund is a non-diversified actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by: (i) investing its assets pursuant to an equity hedge strategy (described below); and (ii) allocating the remainder of its assets directly in a portfolio of investment grade debt securities to collateralize its derivatives investments, for liquidity purposes, or to enhance yield. The Fund seeks to model its investments after long/short equity hedge fund strategies and does not invest in hedge funds. Because the Fund is not a hedge fund, the Fund will be limited in its ability to fully replicate hedge fund strategies due to regulatory requirements, including limitations on leverage and liquidity of the Fund s investments. The Fund invests in long and short positions in exchange-traded futures contracts across the broad asset classes of equities, fixed income, and currencies. The long and short positions in the futures contracts are determined by the Fund s sub-adviser, Dynamic Beta investments ( DBi or the Sub-Adviser ), using a proprietary, quantitative model the Dynamic Beta Engine. The Dynamic Beta Engine is designed to identify the main drivers of performance of a diversified portfolio of the largest long/short equity hedge funds, which are hedge funds that employ fundamental analysis to buy or sell short individual equity securities to achieve their respective investment objectives ( Equity Hedge funds ).

Yes, DBEH is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DBEH is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DBEH is -0.0053%. This is the percent change in the value of DBEH over the most recent 1-month period. The 3-month return on DBEH is -0.0008%. This is the percent change in the value of DBEH over the most recent 3-month period.

The standard deviation of DBEH for the past year is 0.0768%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DBEH include PFF, PGF, and PGX.

ETFs correlated to DBEH include CVRD, GAUG, and GJUL.

ETFs that are inversely correlated to DBEH include RWM, TZA, and TWM.