DGLM.TO - Desjardins Global Macro ETF

Strategy

Futures and forwards across rates, FX, commodities, and some equity beta. Weights can swing month to month as signals change.

The fund uses leverage and shorts on macro instruments. Exposure bands and default hedging shift with the model.

Manager and Issuer Pedigree

Desjardins Global Asset Management sits inside one of Canada’s largest cooperative groups; Desjardins Group reported about $123 billion in AUM at Dec. 31, 2025. That is real ops muscle behind a small listed sleeve.

Graham is a Connecticut macro/CTA shop. You get that research engine on a TSX ticker, with Desjardins as manager and Graham as sub-adviser.

Outperformance

Outperforms when macro variables diverge: curve steepeners, dollar trends, commodity shocks, with enough persistence that systematic sleeves earn after fees.

Underperforms in whipsaw macro where signals flip quickly; favorable tape is clean trends with liquid futures, not single-meeting Fed reversals.

Learn the strategy

Read the global macro guide for the return driver, failure modes, and how this type of sleeve fits in an alpha stacking portfolio.

Top Canadian portfolios that hold DGLM

Official sources

Use the issuer and regulatory documents below to verify current holdings, fees, exposure, and risk disclosures.

Desjardins (DGLM)

How Alpha Stacking uses source documents and chart data

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.