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Trending ETFs

Name

As of 01/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cabana Target Drawdown 13 ETF

TDSD | Active ETF

$22.43

$76.5 M

5.51%

$1.24

0.93%

Vitals

YTD Return

-2.4%

1 yr return

8.5%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

N/A

Net Assets

$76.5 M

Holdings in Top 10

100.1%

52 WEEK LOW AND HIGH

$22.5
$21.05
$23.23

Expenses

OPERATING FEES

Expense Ratio 0.93%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 01/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cabana Target Drawdown 13 ETF

TDSD | Active ETF

$22.43

$76.5 M

5.51%

$1.24

0.93%

TDSD - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Cabana Target Drawdown 13 ETF
  • Fund Family Name
    N/A
  • Inception Date
    Sep 17, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes – equities, fixed income securities, real estate, currencies, and commodities. The Fund operates in a manner that is commonly referred to as a “fund of funds,” meaning that it obtains investment exposure to an asset class primarily by investing in one or more ETFs designed to track the performance of the asset class. The ETFs in which the Fund invests may invest in a broad range of securities, including equity securities of any market capitalization of US and foreign (including emerging markets) issuers and fixed income securities of any duration, maturity, and quality (including high yield or non-investment grade securities, commonly referred to as “junk bonds”). In addition, the Fund may invest directly in securities and other instruments that provide the desired exposure to the asset class.

Cabana Asset Management (the “Sub-Adviser”) selects investments for the Fund pursuant to an asset allocation strategy designed to manage portfolio volatility and reduce exposure to down markets. The Sub-Adviser utilizes its Cyclical Asset Reallocation Algorithm (“CARA”), a proprietary algorithm developed by the Sub-Adviser that monitors market conditions to identify assets that are particularly attractive at a given time in the business cycle. CARA incorporates various fundamental economic and technical price data, including public information concerning the yield curve (i.e., the spread between short- and long-term interest rates), earnings of a broad spectrum of U.S. companies, and equity price trends. CARA also uses this information to identify significant market deteriorations and provide corresponding signals, when appropriate, to move to a more conservative allocation (e.g., short term treasuries). The Sub-Adviser, through CARA, monitors the Fund’s investments daily and allocates or reallocates assets among less correlated and inversely-correlated asset classes in an effort to reduce exposure to potential market declines. In determining the Fund’s asset allocation, the Sub-Adviser seeks to maximize capital appreciation during times of favorable conditions while maintaining relative stability through exposure to inversely or less correlated assets during periods of less favorable market conditions. The Fund’s assets are allocated across the spectrum of primary asset classes based on each phase of the economic cycle; however, this may change from time to time as the Fund seeks to achieve its investment objective. The Fund’s asset allocation allows for potential capital appreciation of growth assets during times of favorable conditions, while maintaining relative stability through exposure to inversely or less correlated assets during periods of less favorable market conditions.

In selecting investments for the Fund, the Sub-Adviser seeks to maintain a target “drawdown,” which refers to the maximum amount that the Sub-Adviser expects an investment in the Fund to fall from peak to trough during adverse market conditions. The extent of the Fund’s drawdown during any given month is calculated as of month end and measured against the highest value the Fund most recently attained (i.e., its most recent peak). The Sub-Adviser’s target drawdown for the Fund is 13%; however, there can be no assurance, and the Fund, the Adviser, and the Sub-Adviser do not represent or guarantee, that this target will be maintained.

Although the Sub-Adviser anticipates that it will purchase or sell securities based on the signals provided by CARA, the Sub-Adviser maintains full decision-making power and may override CARA if it determines that a breakdown or systemic change has occurred in the methods for which capital is deployed within the worldwide economic system or if it believes that CARA does not signal appropriate changes to risk assets as the economic cycle evolves, thus resulting in a portfolio that is inconsistent with the Fund’s target drawdown. The Sub-Adviser expects the Fund, during normal market conditions, to be fully invested at all times.

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TDSD - Performance

Return Ranking - Trailing

Period TDSD Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% N/A N/A N/A
1 Yr 8.5% N/A N/A N/A
3 Yr -2.3%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period TDSD Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% N/A N/A N/A
2022 -27.6% N/A N/A N/A
2021 17.2% N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period TDSD Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% N/A N/A N/A
1 Yr 8.5% N/A N/A N/A
3 Yr -2.3%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period TDSD Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% N/A N/A N/A
2022 -26.3% N/A N/A N/A
2021 17.7% N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

TDSD - Holdings

Concentration Analysis

TDSD Category Low Category High TDSD % Rank
Net Assets 76.5 M N/A N/A N/A
Number of Holdings 3 N/A N/A N/A
Net Assets in Top 10 72.5 M N/A N/A N/A
Weighting of Top 10 100.06% N/A N/A N/A

Top 10 Holdings

  1. Goldman Sachs Access Treasury 0-1 Year ETF 49.59%
  2. iShares 0-3 Month Treasury Bond ETF 49.58%
  3. Invesco Government Agency Portfolio 0.88%

Asset Allocation

Weighting Return Low Return High TDSD % Rank
Stocks
99.18% N/A N/A N/A
Cash
0.88% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High TDSD % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High TDSD % Rank
US
99.18% N/A N/A N/A
Non US
0.00% N/A N/A N/A

TDSD - Expenses

Operational Fees

TDSD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% N/A N/A N/A
Management Fee 0.80% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

TDSD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

TDSD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TDSD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

TDSD - Distributions

Dividend Yield Analysis

TDSD Category Low Category High TDSD % Rank
Dividend Yield 5.51% N/A N/A N/A

Dividend Distribution Analysis

TDSD Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

TDSD Category Low Category High TDSD % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

TDSD Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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TDSD - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A