September 2023

Target Drawdown Professional 13

Target Drawdown Professional 13

Multi-Strategy Conservative Multi-Strategy Moderate Multi-Strategy Growth Multi-Strategy Aggressive
Target Drawdown 5 Target Drawdown 7 Target Drawdown 10 Target Drawdown 13 Target Drawdown 16
Target Beta 35 Target Beta 50 Target Beta 70
Target Income Portfolio

The Target Drawdown Professional 13 is one of five portfolios in Cabana's longest-running product series – its Target Drawdown Professional Series. The objective of this portfolio is to seek a limited volatility range (“target drawdown”) of thirteen percent (13%) from peak to trough. The portfolio primarily invests in broad asset class ETFs among the five major asset classes. Its allocation allows for potential capital appreciation of growth assets during times of favorable conditions, while maintaining its targeted risk parameters through exposure to inversely- or non-correlated assets during periods of less favorable market conditions. Like other Target Drawdown Professional Portfolios, this portfolio numerically defines risk objectives, but may be appropriate for investors seeking growth opportunities with tolerance to a higher volatility asset allocation. The Target Drawdown Professional Series was designed exclusively alongside a suite of custom services for professional investment advisors and their clients. In our view, all portfolios in Cabana’s Target Drawdown Professional Series provide a viable option for most long-term investors. In September 2020 and July 2021, Cabana released two families of proprietary ETFs for use within the Target Drawdown Professional Series – Target Drawdown ETFs and Target Leading Sector ETFs (“Cabana ETFs”). All Cabana ETFs are comprised of a mix of broad asset-class ETFs. By utilizing Cabana ETFs, we strive to improve the performance, cost and tax efficiency of our actively managed Professional Series.

Combining All Three of Cabana's Core Investment Strategies

The combination of Cabana's Target Drawdown, Target Leading Sector and Target Beta strategies is built with the goal of providing a portfolio that we believe will be responsive to changes in the macro-economic cycle while remaining invested and being resistant to whipsaw during volatile markets. This combination provides exposure to both active management and traditional allocation models. The Multi-Strategy Portfolios aggregate actively-managed Cabana ETFs with differing weightings to provide solutions across the suitability spectrum ranging, from conservative to aggressive.

SVG
Target Drawdown 10

Designed to provide a core, risk-based, all asset portfolio that is amenable to linear integration with other strategies that have different performance characteristics. The portfolio seeks to maintain a maximum drawdown target of 10%.

SVG
Target Leading Sector Moderate

Designed for more sensitive reallocation timing to be more sensitive to changes in the economic cycle, increasing the potential for volatility but also capital appreciation. The portfolio seeks to invest in those sectors and asset classes that are attractive at any given time within the economic cycle.

SVG
Target Beta 35

Designed to respond to only macro-economic trends, thus reducing sensitivity to market segmentation and the potential for volatility, trading slippage and whipsaw. This portfolio seeks to maintain a maximum historical beta of 0.35 vs. the S&P 500 Equal Weight Index.

Quick Facts
  • Portfolio Manager: G. Chadd Mason
  • Minimum Investment: $5,000
  • Portfolio Type: All Asset
  • Inception Date: October 1, 2016
  • GIPS Compliant: 13%
  • Historical Maximum Drawdown * -26.78%
  • Current Yield (Mo-End): 5.21%
  • Expense Ratio:

*Maximum Drawdown figures are gross of advisory fees.

Standard Deviation
  • Std Dev 1 Yr (Mo-End) 9.45%
  • Std Dev 3 Yr (Mo-End) 12.17%
  • Std Dev 5 Yr (Mo-End) 13.19%

Search for: #Cabana13 Target Drawdown Professional 13

Risk number is as of September 2023.

Scene as of September 2023

Transitional Bullish (Improving)
Reallocation occurred on 03/15/2024.

Typical of a bull market cycle resumption following a correction or bear market. Higher beta risk assets, including small- and mid-cap equities, as well as technology may be attractive and outperform fixed income assets such as treasuries, bonds and preferred stocks.

More information about Cabana's Scenes and allocation history is available upon request.

Asset Allocation

Growth of $1,000

Past performance is no guarantee of future results. Please refer to Page 2-3 for important disclaimers.

Monthly Performance 2024

Annual Returns

2016 returns are from portfolio inception date through Dec. 31, 2016.

Risk Statistics

Since inception. Risk statistics are gross of advisory fees.

Trailing Returns

Trailing returns are annualized for periods greater than one year. The table below is as of September 2023.

Target Drawdown Professional 13 Disclaimer

Cabana LLC, dba Cabana Asset Management (“Cabana”), is an investment adviser registered with the SEC. Cabana only transacts business in states where it is properly registered or is exempted from registration requirements. Registration as an investment adviser is not an endorsement of Cabana by securities regulators and does not mean that such investment adviser has achieved a specific level of skill or ability. Additional information regarding Cabana, including its fees, can be found in Cabana’s Form CRS and Form ADV Part 2A, copies of  which are available upon request or online at https://thecabanagroup.com/form-crs and https://thecabanagroup.com/adv-part2 or www.adviserinfo.sec.gov. This material is proprietary, and is not to be copied, reproduced, altered, deconstructed, or distributed without the express written consent of Cabana, LLC. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or personalized investment advice. You should consult your own tax, legal, accounting, and financial advisors before engaging in any transaction.

The performance returns, benchmark comparisons, and metrics in this factsheet represent actual composite returns during a time when actual client funds were invested. Unless otherwise indicated, performance data, benchmark comparisons, asset allocation charts, drawdown, and other statistics are for illustrative purposes, calculated as of end of month, and shown gross of advisory fees but net of trading costs. Asset allocation may vary intramonth if a reallocation has occurred. Performance data is expressed in U.S. dollar currency and it includes the reinvestment of dividends and capital gains. Consistent with our ongoing third-party GIPS verification efforts, Cabana will from time to time and without notice, make minor non-material updates and corrections to performance data which do not significantly impact performance. These changes will be reflected on the most recent fact sheets and independent verification reports, as applicable. Target Drawdown is identified on a gross of advisory fees but net of trading costs basis. Net performance is net of all expenses and a model advisory fee of 3%. The model fee is in excess of actual advisory fees charged and investor performance may vary materially. Morningstar’s Moderately Aggressive Target Risk (http://glossary.morningstar.com/InvGlossary/morningstar-target-risk-indexes.aspx) index follows a moderately aggressive equity risk preference and is based on well-established asset allocation methodology from Ibbotson Associates, a Morningstar company. SPY is an ETF that tracks the performance of 500 leading U.S. large cap companies. The funds in the Morningstar Tactical Allocation Category (http://im.mstar.com/im/newhomepage/Morningstar_Category_Definitions_US_June_2016.pdf) seek to provide capital appreciation and income by actively shifting allocations across investments. All indexes and categories are unmanaged and an individual cannot invest directly in an index. Index returns do not include fees or expenses. Benchmark indices will likely materially differ from Cabana’s portfolio strategies. Detailed information as to how the returns are calculated can be obtained online from the following link: https://thecabanagroup.com/disclaimers/performance-reporting-methodology/.

The Target Drawdown Professional Series invests primarily in Cabana’s proprietary ETFs (“Cabana ETFs”). Cabana serves as sub-advisor to the Cabana ETFs and is responsible for their investment strategy. The Cabana ETFs were launched in in partnership with private label ETF advisor Exchange Traded Concepts (“ETC”). Cabana receives an asset management fee for its investment advisory services related to Cabana’s ETFs. The investment strategy employed to manage the Cabana ETFs is similar to that of Cabana’s other Target Drawdown products and utilizes Cabana’s proprietary algorithm, though each product type has some material differences and performance will vary. Detailed information regarding Cabana’s ETF can be found in the offering documents, which are available at https://thecabanagroup.com/etf-prospectus/.

GIPS® is a trademark of the CFA Institute. The CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. To receive a GIPS Report and/or a firm’s list of composite/pooled fund descriptions please email your request to info@thecabanagroup.com.

Past performance is no guarantee of future results. All investment strategies have different degrees of risk and the corresponding potential for profit or loss. Asset allocation and diversification will not necessarily improve returns and cannot eliminate the risk of investment losses. “Target Drawdown” is merely a descriptive term used to describe the general strategy and objective of the portfolio, it is not a guarantee, nor should it be construed to suggest safety or protection from loss. There is no guarantee that portfolio performance will remain consistent with the targeted drawdown parameter.  While risk tolerance and targeted “drawdown” are identified on the front end for each portfolio, Cabana’s algorithm does not take any one client’s situation into account and there is no guarantee that Cabana’s strategies will be suitable for any investor. Investors and advisors should not simply rely on the name of any portfolio to determine what is suitable. It is the responsibility of investment advisors to determine what is suitable for their clients. Cabana manages assets on multiple custodial platforms. Performance data, statistics, including drawdown, and asset allocation for specific investors will vary based upon differences in associated costs, inflows and outflows, custodial fees, and asset availability during the reporting period and may not be identical to reported data. All references to Cabana’s proprietary algorithm in this fact sheet refer to the most current version of the algorithm as of the date this fact sheet is published. The performance returns shown in this piece are derived from a composite of accounts that executed trades in strict accordance with Cabana investment strategies.  Investors will not achieve the same performance returns if their account did not execute trades in strict conformance with Cabana’s trade signals. Prior to May 2020, this portfolio was known as Cabana’s Target Drawdown 13. Scenes assigned as per the judgment of The Cabana Group. Scene names and number of scenes have changed over time.

The Risk Number® is a proprietary scaled index developed by Nitrogen to reflect risk for both advisors and their clients. One of the most important drivers of the Risk Number is the measurement of downside risk in a portfolio. Cabana’s Target Drawdown Professional Portfolios are built into Nitrogen and are given a Risk Number for advisor analysis.