ETF Evaluator:
ETC Cabana Target Leading Sector Mod ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
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Risk
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ETF Details
ETC Cabana Target Leading Sector Mod ETF Overview
ETC Cabana Target Leading Sector Mod ETF (CLSM) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Cabana launched the ETF in 2021.
The investment seeks to provide long-term growth.
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. It is non-diversified.
About ETC Cabana Target Leading Sector Mod ETF (CLSM)
There are 5 members of the management team with an average tenure of 4.76 years: Chadd Mason (2021), Andrew Serowik (2021), Gabriel Tan (2021), Todd Alberico (2021) and Brian Cooper (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Morningstar Mod Tgt Risk TR USD index with a weighting of 100%. ETC Cabana Target Leading Sector Mod ETF has 5 securities in its portfolio. The top 10 holdings constitute 99.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ETC Cabana Target Leading Sector Mod ETF is part of the Allocation global asset class and is within the Allocation ETF group. ETC Cabana Target Leading Sector Mod ETF has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.9% There is 1.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ETC Cabana Target Leading Sector Mod ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $94 million in total assets, which is below the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CLSM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ETC Cabana Target Leading Sector Mod ETF expense ratio is high compared to funds in the Tactical Allocation category. ETC Cabana Target Leading Sector Mod ETF has an expense ratio of 0.82%, which is 16% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ETC Cabana Target Leading Sector Mod ETF has a portfolio turnover rate of 417%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, ETC Cabana Target Leading Sector Mod ETF returned -4.1%, which earned it a grade of F, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ETC Cabana Target Leading Sector Mod ETF has a trailing yield of 0.79%, which is below the 2.15% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ETC Cabana Target Leading Sector Mod ETF Grades
Year to date, the ETF has returned 13.6%, 6.2 percentage points better than the category, which translates into a grade of A. The fund has returned 21.9% over the past year (grade of A), 10.7% over the past three years (grade of C) and 2.9% per year over the past five years (grade of F).
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CLSM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CLSM Return (NAV) | -4.1% | 3.2% | 21.9% | 10.7% | 2.9% | na |
| CLSM Return (Price) | -4.1% | 3.4% | 22.1% | 10.8% | 3.0% | na |
| NAV +/- Price Return | -0.015% | -0.118% | -0.220% | -0.066% | -0.036% | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| CLSM Grade (NAV) | F | B | A | C | F | na |
| +/- Category (NAV) | -2.7% | 1.6% | 6.0% | 0.1% | -2.5% | na |
| CLSM Tax-Cost Ratio | na | na | 0.4% | 0.8% | 0.8% | na |
CLSM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CLSM Return (NAV) | 13.6% | 15.2% | 1.9% | 3.9% | -23.3% | na | na | na | na | na | na |
| CLSM Return (Price) | 13.8% | 15.3% | 1.9% | 3.8% | -23.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.009% | 0.006% | -0.023% | -0.034% | -0.003% | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| CLSM Grade (NAV) | A | B | F | D | F | na | na | na | na | na | na |
| +/- Category | 6.2% | 2.5% | -9.8% | -6.8% | -10.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.90 |
| R-Squared: | 52% |
| Standard Deviation: | 11.7% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.95 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.8% |
| Total Assets: | $ 95 Mil |
| Share Class Assets: | $ 95 Mil |
| Turnover: | 417.0% |
| Expense Ratio: | 0.82% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Mason Chadd (2021), Serowik Andrew (2021), Tan Gabriel (2021), Alberico Todd (2021), Cooper Brian (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 99.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.1% |
Portfolio Allocation |
|
| Domestic Stock: | 90.9% |
| Foreign Stock: | 1.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 7.7% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cabana |
| Phone Number: | 866-239-9536 |
| Website: | |
| Inception Date: | July 12, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.82% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
