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Trending ETFs

Name

As of 07/12/2024

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

$21.21

$202 M

2.48%

$0.53

0.90%

Vitals

YTD Return

4.1%

1 yr return

6.7%

3 Yr Avg Return

-3.3%

5 Yr Avg Return

N/A

Net Assets

$202 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$21.1
$19.55
$21.21

Expenses

OPERATING FEES

Expense Ratio 0.90%

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 07/12/2024

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

$21.21

$202 M

2.48%

$0.53

0.90%

CLSM - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Cabana Target Leading Sector Moderate ETF
  • Fund Family Name
    N/A
  • Inception Date
    Jul 13, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Serowik

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective primarily by allocating its assets among ETFs that invest in securities of companies in the various sectors of the U.S. market: communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. The Fund’s sub-adviser, Cabana Asset Management (the “Sub-Adviser”), selects investments in sectors of the market it identifies as attractive pursuant to an asset allocation strategy designed to optimize performance while seeking to manage portfolio volatility and reduce exposure to down markets.

The Fund operates in a manner that is commonly referred to as a “fund of funds,” meaning that it primarily invests in other ETFs. The ETFs may invest in any of the five major asset classes – equities, fixed income, real estate, currencies, and commodities. The ETFs may invest in a broad range of securities including equity securities of any market capitalization and fixed income securities of any duration, maturity, and quality (including high yield or non-investment grade securities, commonly referred to as “junk bonds,” and U.S. government securities). The ETFs may invest in securities of U.S. and foreign issuers, including emerging markets issuers. In addition, the Fund may invest directly in securities and other instruments to obtain the desired exposure to a specific sector.

To implement its strategy, the Sub-Adviser utilizes its Cyclical Asset Reallocation Algorithm (“CARA”), a proprietary algorithm developed by the Sub-Adviser that monitors market conditions to identify sectors that are particularly attractive at any 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 companies in the U.S. equity market, 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 the Fund’s assets across sectors as well as across less-correlated and inversely-correlated asset classes in an effort to reduce exposure to potential market declines. In allocating the Fund’s assets, the Sub-Adviser expects to utilize a moderate investment style, meaning that the Sub-Adviser will seek a balance between capital preservation and growth through allocation to sectors that are believed to outperform at various points within the economic cycle. The Sub-Adviser’s use of less-correlated and inversely-correlated asset classes is intended to manage the Fund’s volatility consistent with this investment style.

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. The Sub-Adviser expects the Fund, during normal market conditions, to be fully invested at all times.

The Fund is classified as a “non-diversified” investment company under the Investment Company Act of 1940 (the “1940 Act”) and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund.

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CLSM - Performance

Return Ranking - Trailing

Period CLSM Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -24.7% 108.5% 96.97%
1 Yr 6.7% -24.4% 116.0% N/A
3 Yr -3.3%* -7.8% 25.3% N/A
5 Yr N/A* -9.9% 22.9% N/A
10 Yr N/A* -5.4% 8.4% N/A

* Annualized

Return Ranking - Calendar

Period CLSM Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -39.0% 92.4% N/A
2022 -25.6% -6.1% 39.6% N/A
2021 N/A -21.9% 14.5% N/A
2020 N/A -15.9% 6.3% N/A
2019 N/A -12.6% 61.5% N/A

Total Return Ranking - Trailing

Period CLSM Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -24.7% 108.5% 99.87%
1 Yr 6.7% -24.4% 116.0% N/A
3 Yr -3.3%* -7.8% 25.3% N/A
5 Yr N/A* -9.9% 22.9% N/A
10 Yr N/A* -5.4% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CLSM Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -39.0% 92.4% N/A
2022 -23.2% -6.1% 39.6% N/A
2021 N/A -21.9% 14.5% N/A
2020 N/A -11.5% 6.3% N/A
2019 N/A -12.6% 61.5% N/A

CLSM - Holdings

Concentration Analysis

CLSM Category Low Category High CLSM % Rank
Net Assets 202 M 658 K 207 B 86.56%
Number of Holdings 6 2 15351 97.94%
Net Assets in Top 10 181 M -6.38 M 48.5 B 77.25%
Weighting of Top 10 100.03% 8.4% 100.0% 6.08%

Top 10 Holdings

  1. Invesco Nasdaq 100 ETF 30.36%
  2. Health Care Select Sector SPDR Fund 30.14%
  3. Energy Select Sector SPDR Fund 29.31%
  4. Technology Select Sector SPDR Fund 5.04%
  5. iShares Select Dividend ETF 4.98%
  6. Invesco Government Agency Portfolio 0.19%

Asset Allocation

Weighting Return Low Return High CLSM % Rank
Stocks
99.84% 0.00% 99.40% 99.23%
Cash
0.19% -16.75% 158.07% 87.53%
Preferred Stocks
0.00% 0.00% 27.92% 85.22%
Other
0.00% -6.69% 48.03% 79.43%
Convertible Bonds
0.00% 0.00% 23.84% 15.94%
Bonds
0.00% -82.31% 116.75% 0.26%

Stock Sector Breakdown

Weighting Return Low Return High CLSM % Rank
Utilities
0.00% 0.00% 99.55% 42.01%
Technology
0.00% 0.00% 48.68% 56.57%
Real Estate
0.00% 0.00% 65.01% 86.08%
Industrials
0.00% 0.00% 33.21% 50.26%
Healthcare
0.00% 0.00% 39.78% 6.06%
Financial Services
0.00% 0.00% 60.22% 19.46%
Energy
0.00% 0.00% 85.65% 39.82%
Communication Services
0.00% 0.00% 100.00% 52.71%
Consumer Defense
0.00% 0.00% 22.62% 8.51%
Consumer Cyclical
0.00% 0.00% 20.19% 84.54%
Basic Materials
0.00% 0.00% 33.35% 86.47%

Stock Geographic Breakdown

Weighting Return Low Return High CLSM % Rank
US
99.84% -1.65% 98.67% 97.94%
Non US
0.00% -0.44% 56.67% 94.73%

CLSM - Expenses

Operational Fees

CLSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.06% 7.62% 74.43%
Management Fee 0.80% 0.00% 1.83% 90.21%
12b-1 Fee N/A 0.00% 1.00% 8.11%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

CLSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CLSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

CLSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 343.00% N/A

CLSM - Distributions

Dividend Yield Analysis

CLSM Category Low Category High CLSM % Rank
Dividend Yield 2.48% 0.00% 11.31% 48.10%

Dividend Distribution Analysis

CLSM Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Quarterly

Net Income Ratio Analysis

CLSM Category Low Category High CLSM % Rank
Net Income Ratio N/A -2.34% 19.41% N/A

Capital Gain Distribution Analysis

CLSM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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CLSM - Fund Manager Analysis

Managers

Andrew Serowik


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.88

0.9%

Mr. Serowik joined Exchange Traded Concepts, LLC from Goldman Sachs in May 2018. He began his career at Spear, Leeds & Kellogg, continuing with Goldman after its acquisition of SLK in September 2000. During his career of more than 18 years at the combined companies, he held various roles, including managing the global Quant ETF Strats team and One Delta ETF Strats. He designed and developed systems for portfolio risk calculation, algorithmic ETF trading, and execution monitoring, with experience across all asset classes. He graduated from the University of Michigan with a Bachelor of Business Administration degree in Finance.

Gabriel Tan


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.88

0.9%

Mr. Tan joined Exchange Traded Concepts, LLC in May 2019 as an Associate Portfolio Manager and was promoted to Portfolio Manager in December 2020. He began his career at UBS and BBR Partners where he worked as a financial planning analyst and a portfolio strategist for over four years. During his time there, he developed comprehensive wealth management solutions focused on portfolio optimization, trust and estate planning, and tax planning.

Todd Alberico


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.88

0.9%

Mr. Alberico joined Exchange Traded Concepts, LLC in November 2020, having spent the past 14 years in ETF trading at Goldman Sachs, Cantor Fitzgerald, and, most recently, Virtu Financial. He spent most of that time focused on the Trading and Portfolio Risk Management of ETFs exposed to international and domestic equity. He has worked on several different strategies including lead market-making and electronic trading, to customer facing institutional business developing models for block trading as well as transitional trades. Mr. Alberico graduated from St. John’s University in NY with a Bachelor of Science degree in Finance.

Chadd Mason


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.88

0.9%

G. Chadd Mason is the founder and CEO of Cabana Asset Management. Mr. Mason is a licensed attorney, admitted to practice in the state of Arkansas, and the U.S. Court of Appeals for the Eighth Circuit. He has been the Principal and Owner of the Mason Law Firm since 1993. He was appointed by the Governor of Arkansas to serve the Fourth Judicial Court as Circuit Trial Judge from 2011 through 2012. Since 2007, Mr. Mason has been a registered investment advisor representative of a private equity fund and investment management firm. That business exists today as Cabana Asset Management, which is registered in the State of Arkansas. He has managed his private investment portfolio since 2002 and is FINRA Series 65 examination qualified. Mr. Mason graduated from the University of Arkansas in 1989 with a B.A in Psychology, and he went on to earn a Juris Doctor degree in 1992 from the University of Denver. He is a past member of the Public Investors Bar Association and has successfully prosecuted claims on behalf of investors with FINRA and the American Arbitration Association. Mr. Mason lives in Fayetteville, Arkansas with his family where he has served as a board member for The New School and coaches Little League. He is also an accomplished tennis player.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.26 2.41