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Launched · SEC filings

ETC Cabana Target Leading Sector Moderate ETF

CLSMNasdaqCabanaC

$26.74−0.20 (−0.76%)

At close: Nov 2, 2026, 4:00 PM ET

C52/ 100

Rank 26 of 46 in Tactical Allocation

C52/100Rank 26 of 46inTactical Allocation
Intraday session: down, 78 prints from 26.95 to 26.74. Range 26.74 to 27.20. Use the arrow keys to read each point.26.8027.0027.1027.2010 AM12 PM2 PM4 PM
Expense ratio
0.82%*
Fund size
$98M
1Y total return
+15.4%
Yield · Last 12 months
0.77%
Holdings
5
Avg volume · 30D
8.75K sh
52W range
low $22.42high $28.41
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2027. Without it: 0.93%.

The ETF.net CLSM Grade

Based on 5 of 6 pillars

C

Score 52 out of 100

Category
Tactical Allocation⁠
Rank
26 of 46
Six-pillar profile for CLSM. Scores out of 100: Cost 66, Risk 40, Mission not scored, Tradability 51, Holdings 31, Durability 60. Strongest: Cost (66). Weakest: Holdings (31). Based on 5 of 6 pillars.

Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B66 out of 100
    Rank 16 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 31 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 23 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 40 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 22 of 46

Our read on CLSM

ETF.net Research

In short

CA 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

  • 0.82% a year, below the median expense ratio for its tactical allocation peer group.
  • One stated job in the prospectus: long-term growth. No index to shadow, so the sector mix can move as the model reads conditions.
  • Trading since 2021, so there is a live multi-year record behind the strategy rather than a backtest.

Worth knowing

  • Thinly traded, so spreads can run wider and larger orders are harder to fill than in heavily traded funds.
  • Cheap 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%.
  • Discretionary 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 Performance

Launched Jul 12, 2021

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

Not enough history yet.
CLSM$11,536
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CLSM $11,536. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+16.0%
1 month−2.8%
3 months+2.0%
1 year+15.4%
3 yearsper year+12.1%
5 yearsper year+1.1%
10 yearsFund is under 10 years oldper yearNo data

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+16.0%
2025+15.3%
2024+1.9%

CLSM in the news

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 Oct 30, 2026.
0.77%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, 2023No data
Dec 27, 2022Dec 30, 2022No data
Dec 30, 2021Jan 4, 2022$0.16

$10,000 in CLSM 5 years ago paid $294 in dividends.

CLSM Risk

Risk pillarC40 out of 100Rank 31 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
11.5%
Annualised · 36 months to Oct 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.
0.66
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

CLSM Cost

Compare CLSM and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$11,131

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CLSM 0.82%

    $15,689

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • CLSM 0.82%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CLSM $15,689ENDW $4,558

Year by year

YearCLSMENDWOverpaying
10$1,457$401$1,056
20$5,519$1,561$3,958
30$15,689$4,558$11,131
How the 0.82% is worked out

Full fee 0.93%− waiver 0.11%= you pay 0.82%

The waiver ends Aug 31, 2027. After that the fee is 0.93% unless Cabana renews it. Source: prospectus, Aug 2026.

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