Cabana Target Drawdown Professional Series

Target Drawdown Portfolios are designed to manage client expectations by identifying a target drawdown percentage at the beginning of the investment process and striving to stay within that range.

Cabana

February 29, 2024

Multi-Strategy Conservative

Cabana's Multi-Strategy Conservative Portfolio is one of four in Cabana's Multi-Strategy Professional Series. The objective of this portfolio is to seek a limited volatility range and capital preservation with opportunity for growth. It primarily invests in broad asset class ETFs among the five major asset classes. Allocation is typically weighted toward low beta asset classes. Risk parameters are managed using inversely- and non-correlated assets. Conservative investors seeking a lower (or reduced) volatility range may find this portfolio attractive. It is the most conservative portfolio in this series. This portfolio uses a semi-active, tactical process whereby Cabana’s Cyclical Asset Allocation Algorithm ("CARA") seeks to identify macro changes in the economic cycle and allocate investment to the assets that perform relatively well at the identified point in the cycle. Prior to January 2024, this portfolio was known as Cabana's Target Drawdown Professional 7.

Quick Facts
  • Portfolio Manager: G. Chadd Mason
  • Minimum Investment: $5,000
  • Target Drawdown: Yes
  • Inception Date: October 1, 2016
Drawdown Statistics
  • Maximum Drawdown * -19.53%
  • Maximum Drawdown Peak Date 1/1/2022
  • Maximum Drawdown Valley Date 08/31/2023
  • Months Exceeding Target Drawdown Since Portfolio Inception 24

* Maximum Drawdown figures are gross of advisory fees. Net returns and drawdown percentages are available in the charts below.

Standard Deviation
  • Std Dev 1 Yr (Mo-End) 4.21%
  • Std Dev 3 Yr (Mo-End) 8.49%
  • Std Dev 5 Yr (Mo-End) 8.69%
  • Current Yield (Mo-End) 3.21%

Annual Returns

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

Trailing Returns

Trailing returns are annualized for periods greater than one year. The table below is as of October 31, 2023.

Risk Statistics

Since inception: October 1, 2016

Growth of $1,000

Drawdown

Please refer to Page 9 for important disclaimers.

Cabana

February 29, 2024

Multi-Strategy Moderate

Cabana's Multi-Strategy Moderate Portfolio is one of four in Cabana's Multi-Strategy Professional Series. It has the longest-running track record of all Cabana portfolios. The objective of this portfolio is to seek a balance of growth and risk management. It primarily invests in broad asset class ETFs among the five major asset classes. Risk parameters are managed using inversely- and non-correlated assets. Investors seeking risk management and a moderate volatility allocation may find this portfolio attractive. This portfolio uses a semi-active, tactical process whereby Cabana’s Cyclical Asset Allocation Algorithm ("CARA") seeks to identify macro changes in the economic cycle and allocate investment to the assets that perform relatively well at the identified point in the cycle. Prior to January 2024, this portfolio was known as Cabana's Target Drawdown Professional 10.

Quick Facts
  • Portfolio Manager: G. Chadd Mason
  • Minimum Investment: $5,000
  • Target Drawdown: Yes
  • Inception Date: January 1, 2012
Drawdown Statistics
  • Maximum Drawdown * -22.76%
  • Maximum Drawdown Peak Date 1/1/2022
  • Maximum Drawdown Valley Date 08/31/2023
  • Months Exceeding Target Drawdown Since Portfolio Inception 20

* Maximum Drawdown figures are gross of advisory fees. Net returns and drawdown percentages are available in the charts below.

Standard Deviation
  • Std Dev 1 Yr (Mo-End) 7.25%
  • Std Dev 3 Yr (Mo-End) 10.22%
  • Std Dev 5 Yr (Mo-End) 10.18%
  • Current Yield (Mo-End) 2.29%

Annual Returns

Trailing Returns

Trailing returns are annualized for periods greater than one year. The table below is as of October 31, 2023.

Risk Statistics

Since inception: January 1, 2012

Growth of $1,000

Drawdown

Please refer to Page 9 for important disclaimers.

Cabana

February 29, 2024

Multi-Strategy Growth

Cabana's Multi-Strategy Growth Portfolio is one of four in Cabana's Multi-Strategy Professional Series. The objective of this portfolio is to seek risk-managed growth over a longer investment horizon. It primarily invests in broad asset class ETFs among the five major asset classes. Risk parameters are managed using inversely- and non-correlated assets. This portfolio may be appropriate for investors seeking growth opportunities with tolerance to a higher volatility asset allocation. This portfolio uses a semi-active, tactical process whereby Cabana’s Cyclical Asset Allocation Algorithm ("CARA") seeks to identify macro changes in the economic cycle and allocate investment to the assets that perform relatively well at the identified point in the cycle. Prior to January 2024, this portfolio was known as Cabana's Target Drawdown Professional 13.

Quick Facts
  • Portfolio Manager: G. Chadd Mason
  • Minimum Investment: $5,000
  • Target Drawdown: Yes
  • Inception Date: October 1, 2016
Drawdown Statistics
  • Maximum Drawdown * -26.78%
  • Maximum Drawdown Peak Date 1/1/2022
  • Maximum Drawdown Valley Date 12/31/2022
  • Months Exceeding Target Drawdown Since Portfolio Inception 20

* Maximum Drawdown figures are gross of advisory fees. Net returns and drawdown percentages are available in the charts below.

Standard Deviation
  • Std Dev 1 Yr (Mo-End) 7.87%
  • Std Dev 3 Yr (Mo-End) 12.55%
  • Std Dev 5 Yr (Mo-End) 12.31%
  • Current Yield (Mo-End) 1.70%

Annual Returns

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

Trailing Returns

Trailing returns are annualized for periods greater than one year. The table below is as of October 31, 2023.

Risk Statistics

Since inception: October 1, 2016

Growth of $1,000

Drawdown

Please refer to Page 9 for important disclaimers.

Cabana

February 29, 2024

Multi-Strategy Aggressive

Cabana's Multi-Strategy Aggressive Portfolio is one of four in Cabana's Multi-Strategy Professional Series. It is designed to capture appreciation in growth assets, such as small cap equities, emerging markets and commodities during periods of economic expansion, while remaining resistant to severe market downturn. Aggressive investors seeking growth opportunities through significant equity exposure throughout the market cycle may find this portfolio attractive. It primarily invests in broad asset class ETFs among the five major asset classes. Risk parameters are managed using inversely- and non-correlated assets. This portfolio may be appropriate for investors seeking growth opportunities with tolerance to a higher volatility asset allocation. This portfolio uses a semi-active, tactical process whereby Cabana’s Cyclical Asset Allocation Algorithm ("CARA") seeks to identify macro changes in the economic cycle and allocate investment to the assets that perform relatively well at the identified point in the cycle. Prior to January 2024, this portfolio was known as Cabana's Target Drawdown Professional 16.

Quick Facts
  • Portfolio Manager: G. Chadd Mason
  • Minimum Investment: $5,000
  • Target Drawdown: Yes
  • Inception Date: October 1, 2016
Drawdown Statistics
  • Maximum Drawdown * -27.39%
  • Maximum Drawdown Peak Date 1/1/2022
  • Maximum Drawdown Valley Date 08/31/2023
  • Months Exceeding Target Drawdown Since Portfolio Inception 20

* Maximum Drawdown figures are gross of advisory fees. Net returns and drawdown percentages are available in the charts below.

Standard Deviation
  • Std Dev 1 Yr (Mo-End) 8.62%
  • Std Dev 3 Yr (Mo-End) 12.96%
  • Std Dev 5 Yr (Mo-End) 12.98%
  • Current Yield (Mo-End) 1.42%

Annual Returns

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

Trailing Returns

Trailing returns are annualized for periods greater than one year. The table below is as of October 31, 2023.

Risk Statistics

Since inception: October 1, 2016

Growth of $1,000

Drawdown

Please refer to Page 9 for important disclaimers.
Cabana Target Drawdown Professional Series Disclaimers

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 includes a maximum investment advisory fee of 3% prior to March 1, 2017 and 2% thereafter. Morningstar’s Moderate Target Risk (http://glossary.morningstar.com/InvGlossary/morningstar-target-risk-indexes.aspx) index follows a moderate 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. 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 advisorto 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. Scenes assigned as per the judgment of The Cabana Group. Scene names and number of scenes have changed over time.

Prior to May 2020, the Target Drawdown Professional 7 was known as the Target Drawdown 7. Prior to May 2020, the Target Drawdown Professional 10 was known as the Target Drawdown 10. Prior to May 2020, the Target Drawdown Professional 13 was known as the Target Drawdown 13. Prior to May 2020, the Target Drawdown Professional 16 was known as the Target Drawdown 16. The Target Drawdown Professional 5 was discontinued as of October 31, 2023. 

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.