ETF Evaluator:
ETC Cabana Target Beta ETF ()
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(as of Aug 26)
Best Performing in Moderately Conservative Allocation Over the Last Year
| 13.6% | Franklin Income Focus ETF (INCM) |
| 11.9% | Moderately Conservative Allocation () |
| 11.1% | ETC Cabana Target Beta ETF (TDSB) |
| 11.0% | Strategy Shares Nasdaq 7 Handl™ ETF (HNDL) |
| 0.0% | Westwood Enhanced Income Opportunity ETF (YLDW) |
Risk
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Risk
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ETF Details
ETC Cabana Target Beta ETF Overview
ETC Cabana Target Beta ETF (TDSB) is an actively managed Allocation Moderately Conservative Allocation exchange-traded fund (ETF). Cabana launched the ETF in 2020.
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 with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes – equities, fixed income securities, real estate, currencies, and commodities.
About ETC Cabana Target Beta ETF (TDSB)
There are 5 members of the management team with an average tenure of 5.04 years: Chadd Mason (2020), Andrew Serowik (2020), 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 Con Tgt Risk TR USD index with a weighting of 100%. ETC Cabana Target Beta ETF has 11 securities in its portfolio. The top 10 holdings constitute 99.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ETC Cabana Target Beta ETF is part of the Allocation global asset class and is within the Allocation ETF group. ETC Cabana Target Beta ETF has 6.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 32.1% There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 50.6% (44.6% domestic bond, 6.0% foreign bond and 0.0% convertible bond). ETC Cabana Target Beta ETF has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $48 million in total assets, which is below the $609 million average for the Moderately Conservative 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.
TDSB 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 Beta ETF expense ratio is high compared to funds in the Moderately Conservative Allocation category. ETC Cabana Target Beta ETF has an expense ratio of 0.91%, which is 20% higher than its category average, making the fund expense ratio grade a D. 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 Beta ETF has a portfolio turnover rate of 136%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Moderately Conservative Allocation category.
Recently, in the month of July 2026, ETC Cabana Target Beta ETF returned -0.7%, which earned it a grade of D, as the Moderately Conservative Allocation category had an average return of -0.1%. 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 Beta ETF has a trailing yield of 2.30%, which is below the 4.84% category average.
The fund normally distributes its income quarterly.
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 Beta ETF Grades
Year to date, the ETF has returned 3.1%, 2.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.1% over the past year (grade of C), 7.8% over the past three years (grade of F) and 1.3% per year over the past five years (grade of F).
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TDSB 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 |
|
| TDSB Return (NAV) | -0.7% | -1.3% | 11.1% | 7.8% | 1.3% | na |
| TDSB Return (Price) | -0.7% | -1.2% | 11.2% | 7.8% | 1.3% | na |
| NAV +/- Price Return | -0.003% | -0.063% | -0.109% | -0.041% | -0.020% | na |
| Moderately Conservative Allocation Avg | -0.1% | 0.4% | 11.9% | 9.4% | 2.8% | na |
| TDSB Grade (NAV) | D | F | C | F | F | na |
| +/- Category (NAV) | -0.7% | -1.7% | -0.8% | -1.6% | -1.5% | na |
| TDSB Tax-Cost Ratio | na | na | 0.9% | 1.2% | 1.1% | na |
TDSB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TDSB Return (NAV) | 3.1% | 12.7% | 3.6% | 4.6% | -16.8% | 8.4% | na | na | na | na | na |
| TDSB Return (Price) | 2.9% | 12.9% | 3.6% | 4.7% | -16.8% | 8.4% | na | na | na | na | na |
| NAV +/- Price Ret | -0.056% | 0.022% | -0.019% | 0.033% | -0.001% | -0.000% | na | na | na | na | na |
| Moderately Conservative Allocation Avg | 5.5% | 12.0% | 7.0% | 8.8% | -17.8% | 8.9% | 12.5% | 17.0% | na | na | na |
| TDSB Grade (NAV) | F | C | F | F | A | F | na | na | na | na | na |
| +/- Category | -2.4% | 0.6% | -3.4% | -4.3% | 0.9% | -0.4% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.52 |
| R-Squared: | 54% |
| Standard Deviation: | 6.7% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.55 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.3% |
| Total Assets: | $ 49 Mil |
| Share Class Assets: | $ 49 Mil |
| Turnover: | 136.0% |
| Expense Ratio: | 0.91% |
| 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: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.9 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Mason Chadd (2020), Serowik Andrew (2020), Tan Gabriel (2021), Alberico Todd (2021), Cooper Brian (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 99.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.3% |
Portfolio Allocation |
|
| Domestic Stock: | 32.1% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 44.6% |
| Foreign Bond: | 6.0% |
| Convertible Bond: | 0.0% |
| Other: | 13.4% |
| Cash: | 3.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cabana |
| Phone Number: | 866-239-9536 |
| Website: | |
| Inception Date: | September 16, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.91% (Rating: High) |
| Category Average Expense Ratio (%): | 0.76% |
