Press Release: Cabana Asset Management Announces Transfer of ETF Lineup to Nasdaq
The transfer of Cabana’s eight existing ETFs represents the first step in a longer-term, strategic partnership
Fayetteville, Ark. (November 30, 2022) – Cabana Asset Management (“Cabana”), a wholly owned subsidiary of The Cabana Group, LLC and an SEC registered investment adviser providing risk-managed investment portfolios to registered investment advisors (“RIAs”) and individual investors, today announced plans to transfer its two suites of Exchange Traded Funds (“ETFs”) from NYSE to Nasdaq on or about December 12, 2022. The last day of trading on NYSE will be December 9, 2022. Investors in the funds should not expect to see any impact on their trading experience as a result of the transfer.
Cabana acts as the Sub-Adviser to five Target Drawdown ETFs and three Target Leading Sector ETFs in partnership with private label ETF advisor Exchange Traded Concepts (“ETC”).
“Our primary goal over the next several years is to expand our unique product offerings, as well as the marketing support and resources that we can offer our clients and partner advisors,” said Chadd Mason, CEO of the Cabana Group. He continued, “Through Nasdaq’s industry expertise and tailored services, we are optimistic that this move will play a big role in our potential growth and are looking forward to this opportunity.”
The funds that will be transferred are:
- Cabana Target Drawdown 5 (ticker: TDSA);
- Cabana Target Drawdown 7 (ticker: TDSB);
- Cabana Target Drawdown 10 (ticker: TDSC);
- Cabana Target Drawdown 13 (ticker: TDSD);
- Cabana Target Drawdown 16 (ticker: TDSE);
- Cabana Target Leading Sector Conservative (ticker: CLSC);
- Cabana Target Leading Sector Moderate (ticker: CLSM); and
- Cabana Target Leading Sector Aggressive (ticker: CLSA).
“The transfer of these eight ETFs underpins our commitment to the modernization of our markets with technology and supporting the investment community with innovative products,” said Giang Bui, Head of U.S. Exchange Traded Products at Nasdaq. She went on to say, “We’re thrilled to build our ETF relationship with Cabana and continue to support ETF issuers with execution platforms, dedicated liquidity programs and customized support.”
For more information on these funds, please visit: www.cabanaetfs.com.
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About The Cabana Group
The Cabana Group, LLC is the parent company of Cabana LLC (d/b/a “Cabana Asset Management”), Cabana Institutional, LLC, and Cabana Financial, LLC and shares common ownership with Cabana Black, LLC. The company’s services include wealth management, portfolio construction, retirement plan solutions, tax and estate planning, business development, insurance, annuities and sub-advisory money management. Investment advisory services are provided by Cabana Asset Management. Cabana’s flagship “target drawdown” investment approach is available to advisors and investors in the form of separately managed accounts (SMAs), exchange traded funds (ETFs), collective investment trusts (CITs), and a hedge fund. With $2.5 billion in assets under management (AUM) as of December 31, 2021, Cabana Asset Management claims compliance with the Global Investment Performance Standards (GIPS ®). For more information about The Cabana Group visit www.thecabanagroup.com or submit a request to info@thecabanagroup.com.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting https://cabanaetfs.com/investor-materials. Read the prospectus and Summary Prospectus carefully before investing
Foreside Fund Services, LLC, distributor.
Investing involves risk, including possible loss of principal. There is no guarantee the Funds will meet or maintain their objective. To the extent the Funds investments are concentrated in or have significant exposure to a particular issuer, sector, industry or asset class, the Funds may be more vulnerable to adverse events affecting these groups than if the Funds investments were more broadly diversified.
The Funds rely heavily on CARA, a proprietary model developed by the Sub-Adviser, as well as data and information supplied by third parties. To the extent the model does not perform as intended, the Funds strategy may not be successfully implemented and the Fund may lose value. The Sub-Adviser’s judgments about the markets, the economy, or companies may not anticipate actual market movements, economic conditions or company performance, and these judgments may affect the return on your investment. In addition, although the Sub-Adviser seeks to manage volatility within the Funds portfolio, there is no guarantee that the Sub-Adviser will be successful.
Commodity-related companies may subject the ETFs to greater volatility than investments in traditional securities. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks.
New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.
Target drawdown refers to the maximum amount an investment in the fund is expected to fall from peak to trough. Identified target drawdown percentages are targets, not guarantees.
Alpha – the measure of an asset’s performance relative to its benchmark.
Beta – Measures the sensitivity of an investment to the movement of its benchmark. A beta higher than 1.0 indicates the investment has been more volatile than the benchmark and a beta of less than 1.0 indicates that the investment has been less volatile than the benchmark.
Correlation – A statistical measure of how two securities move in relation to one another.
Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market returns are based on the official closing price from the Exchange and do not represent the the return you would receive if you traded at other times. NAV (net asset value) is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding, which is calculated at the end of each business day.
Investment advisory services are provided by Cabana LLC, an SEC registered investment adviser. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Additional information regarding Cabana LLC including its fees, can be found in Cabana’s Form ADV, Part 2. A copy of which is available upon request or online at www.adviserinfo.sec.gov. Cabana LLC claims compliance with the Global Investment Performance Standards (GIPS®). To receive the firm’s Independent Verifier’s Report send your request to info@thecabanagroup.com. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.