Cabana Target Drawdown 13 ETF
Name
As of 01/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 01/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
- Dividend Yield 5.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCabana Target Drawdown 13 ETF
-
Fund Family NameN/A
-
Inception DateSep 17, 2020
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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.
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
- Goldman Sachs Access Treasury 0-1 Year ETF 49.59%
- iShares 0-3 Month Treasury Bond ETF 49.58%
- 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
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.309 | OrdinaryDividend |
Sep 29, 2023 | $0.122 | OrdinaryDividend |
Jun 30, 2023 | $0.055 | OrdinaryDividend |
Dec 30, 2022 | $0.252 | OrdinaryDividend |
Sep 30, 2022 | $0.065 | OrdinaryDividend |
Jun 30, 2022 | $0.052 | OrdinaryDividend |
Mar 31, 2022 | $0.010 | OrdinaryDividend |
Jan 04, 2022 | $0.143 | OrdinaryDividend |
Jan 05, 2021 | $0.145 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |
Jun 27, 2022 | $0.052 | OrdinaryDividend |
Mar 28, 2022 | $0.010 | OrdinaryDividend |
Sep 28, 2022 | $0.065 | OrdinaryDividend |