Cabana Target Drawdown 16 ETF
TDSE
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- Cabana Target Drawdown 16 ETF (TDSE) is an actively managed exchange-traded fund that seeks long-term growth of capital while targeting a maximum drawdown of 16% from peak to trough through dynamic asset allocation. The fund operates as a fund-of-funds, investing in a diversified mix of exchange-traded funds and other instruments across equities of any market capitalization from U.S. and foreign issuers including emerging markets; fixed income securities of varying durations, maturities, and credit qualities including high-yield bonds; and additional instruments providing targeted exposure to equities, fixed income, and other asset classes. Issued under the Exchange Listed Funds Trust and sub-advised by Cabana Asset Management, a subsidiary of The Cabana Group, LLC founded in 2008 and headquartered in Fayetteville, Arkansas, the ETF primarily serves retail and institutional investors seeking risk-managed exposure in mixed allocation strategies. Launched on September 16, 2020, in partnership with private label ETF advisor Exchange Traded Concepts, TDSE forms part of Cabana's broader Target Drawdown ETF suite, which includes funds with target drawdowns ranging from 5% to 16% (TDSA, TDSB, TDSC, TDSD, TDSE). In December 2022, Cabana transferred TDSE and seven other ETFs from the NYSE to Nasdaq as part of a strategic partnership to enhance growth, marketing support, and product expansion, with no disruption to trading; by June 2025, associated funds were rebranded under the ETC Cabana prefix, such as ETC Cabana Target Drawdown 10 ETF (TDSC). Cabana Asset Management continues to manage related strategies including separately managed accounts, collective investment trusts, and a hedge fund employing the proprietary Cyclical Asset Reallocation Algorithm (CARA), with regulatory assets under management reaching approximately $634 million as of December 31, 2024. The firm operates primarily in the United States, targeting registered investment advisors, individual investors, and institutions across conservative to aggressive risk profiles.