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CLSM

GradeBNASDAQ Global Market

ETC Cabana Target Leading Sector Moderate ETF

Multi-Asset & Alternatives · Cabana · Inception 2021-07-12 · SEC filings

$27.91−0.20 (−0.70%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 58 prints from 28.11 to 27.91. Range 27.84 to 28.08. Use the arrow keys to read each point.$28.00$28.1010 AM12 PM2 PM4 PM
Expense ratio
0.13%
Fund size
$99M
1Y return
+23.4%
Yield · Last 12 months
0.74%
Holdings
4
Volume · 30D
0M sh
NAV per share
$27.90
52W range
low $22.42high $28.13

The ETF.net CLSM Grade

B

69/ 100

Rank 6 of 46 in Tactical Allocation⁠

Confidence Medium

Six-pillar profile for CLSM. Scores out of 100: Cost 100, Risk 44, Mission not scored, Tradability 61, Holdings 32, Durability 60. Strongest: Cost (100). Weakest: Holdings (32). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 100
    Category rank1/46 · top 2%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank28/46 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank17/46 · top 37%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    Category rank39/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank23/46 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CLSM

ETF.net Research

BA tactical allocation fund whose name states the plan: tilt toward leading sectors, dialed to a moderate risk setting. The mandate is plain long-term growth, and its 0.82% fee sits under the typical charge in the tactical crowd.

Stated mandate

The Fund seeks to provide long-term growth.

Why people hold it

  1. 010.82% a year, below the median expense ratio for its tactical allocation peer group.
  2. 02One stated job in the prospectus: long-term growth. No index to shadow, so the sector mix can move as the model reads conditions.
  3. 03Trading since 2021, so there is a live multi-year record behind the strategy rather than a backtest.

Worth knowing

  1. 01Thinly traded, so spreads can run wider and larger orders are harder to fill than in heavily traded funds.
  2. 02Cheap for its cohort, not cheap outright. Other tactical funds in the same group charge less, including ENDW at 0.22% and ONOF at 0.39%.
  3. 03Discretionary with no declared index: the stated goal is simply long-term growth, so there is no benchmark contract to measure the sector calls against.

CLSM Holdings

As of Sep 20, 2026, 10:15 AM
Asset class
Other
Holdings
4
Top-10 weight
100%
Largest holding
XLK34.0%

Sectors

  • Technology56.1%
  • Cons. Staples31.8%
  • Communication4.3%
  • Consumer Discr.4.2%
  • Health Care1.3%
  • Industrials1.3%
  • Utilities0.4%
  • Materials0.3%
  • Energy0.2%
  • Financials0.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XLKSS TECHNOLOGY SELECT SECTOR34.00%174,690$33M33
002QQQMINVESCO NASDAQ 100 ETF30.51%99,870$29M12
003XLPSTATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF27.41%317,214$26M15
004AAAUGOLDMAN SACHS PHYSICAL GOLD7.99%180,260$8M4
005—CASH & OTHER0.09%84,215$84K45

Showing 1–5 of 5 holdings

CLSM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CLSM$12,343
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CLSM $12,343. SPY $11,723. Use the arrow keys to read each point.$9,306$10,937$12,568Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CLSM. Periods over one year show the average yearly return.
PeriodCLSM
Year to date+21.0%
1 month+2.4%
3 months+1.7%
1 year+23.4%
3 years+13.8%per year
5 years+2.9%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CLSM
YearReturn barCLSM
2026 YTD+21.0%
2025+15.3%
2024+1.9%
2023+1.2%
2022−25.6%
2021+9.1%

History from Jul 13, 2021

CLSM in the news

ETF.net Research hasn’t filed on CLSM yet — coverage lands here as it’s written.

CLSM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.74%Last 12 months
Payout per share
$0.21Last 12 months
Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 3 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.16; Dec 30, 2024 $0.43; Dec 30, 2025 $0.21. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.21
Dec 30, 2024Dec 31, 2024$0.43
Dec 26, 2023Dec 29, 2023Data unavailable
Dec 27, 2022Dec 30, 2022Data unavailable
Dec 30, 2021Jan 4, 2022$0.16

CLSM Risk

How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.74
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−31.7%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.87
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CLSM Cost

Expense ratio0.13%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

No Tactical Allocation fund charges less.

CLSM costs $13.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.