Cabana Target Drawdown 13 ETF
TDSD
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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 18, 2020
- Similar Companies
- Business
- Cabana Target Drawdown 13 ETF (TDSD) is an actively managed exchange-traded fund that seeks to provide long-term growth within a targeted risk parameter of 13% maximum drawdown from peak to trough, with limited volatility and reduced correlation to equity markets. The fund operates as a fund-of-funds, allocating assets across five major asset classes including equities, fixed income securities, real estate, currencies, and commodities, primarily through investments in exchange-traded funds (ETFs) tracking those classes; it employs a proprietary algorithm combining fundamental economic and technical price data to adjust allocations daily based on business cycle conditions. TDSD targets investors seeking capital appreciation with defined downside risk limits and primarily serves retail and institutional investors in the global asset allocation and target outcome segments. The ETF is sponsored by Exchange Traded Concepts LLC, with Cabana LLC d/b/a Cabana Asset Management serving as sub-adviser; Cabana LLC, founded in 2007 as a wholly owned subsidiary of The Cabana Group LLC (headquartered in Fayetteville, Arkansas), provides discretionary portfolio management. Operations focus on the U.S. market, with shares listed on Nasdaq. In a significant reorganization, on January 8, 2024, the assets and liabilities of TDSD ($68 million AUM) and Cabana Target Drawdown 16 ETF (TDSE, $44 million AUM) were acquired by the Cabana Target Drawdown 10 ETF (TDSC), resulting in the delisting and closure of TDSD as a standalone fund; this consolidation expanded TDSC's scale under the same target drawdown strategy framework. Subsequent updates include name changes across the Cabana ETF suite, such as TDSC's rebranding prior to June 26, 2025, and broader portfolio shifts announced by Exchange Traded Concepts and Cabana effective January 5, 2024. As of late 2025, remaining Cabana ETFs like TDSC, TDSB (Target Drawdown 7), and CLSM (Target Leading Sector Moderate) continue under ETC sponsorship from Fayetteville, Arkansas.