Cabana Target Drawdown 5 ETF
TDSA
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 22, 2020
- Similar Companies
- Business
- Cabana Target Drawdown 5 ETF (TDSA) is an actively managed exchange-traded fund that seeks to provide capital preservation and long-term growth of investor capital with a targeted maximum drawdown of 5% from peak to trough. The fund pursues this objective through a fund-of-funds approach, primarily investing in exchange-traded funds (ETFs) that provide exposure to five major asset classes including equities, fixed income securities, real estate, currencies, and commodities; the underlying ETFs may include broad or narrow market capitalization equity securities from U.S. and foreign issuers (including emerging markets), fixed income securities of any duration, maturity or credit quality (including high-yield bonds), real estate investment trusts, currency instruments, and commodity futures or related instruments. Cabana acts as sub-adviser to the ETF, which is issued by Exchange Traded Concepts, LLC, with a net expense ratio of 0.69%; the fund targets individual investors, financial advisors, and institutions seeking low-volatility, risk-controlled exposure with reduced correlation to broader equity markets. Launched on September 16, 2020, as part of a suite of five Target Drawdown ETFs (TDSA through TDSE) with initial seeding of over $1 billion in assets under management in partnership with Exchange Traded Concepts and strategic support from CI Financial Corp., which acquired a significant stake in parent company The Cabana Group, LLC (founded 2008, headquartered in Fayetteville, Arkansas). In December 2022, the ETF transferred its primary listing from the New York Stock Exchange to Nasdaq, alongside sister funds, to leverage enhanced market-making support, liquidity programs, and growth resources. Effective January 5, 2024, Exchange Traded Concepts and Cabana implemented portfolio and strategy changes to the Target Drawdown series, including adjustments to asset allocation methodologies and underlying holdings to better align with evolving market conditions and target drawdown parameters; name updates occurred in June 2025 for related sector funds to reflect "ETC Cabana" branding, though TDSA maintained its core focus. As of late 2025, the fund remains listed on Nasdaq with approximately $6 million in assets under management and a market capitalization around $4-6 million, primarily holding cash equivalents amid ongoing active management.