TDSC ETF — Holdings & Analysis

The ETC Cabana Target Drawdown 10 ETF (TDSC) is an actively managed asset allocation ETF with $0.13 billion in assets under management.

TDSC aims for limited volatility and reduced correlation to equity markets by strategically allocating assets across equities, fixed income, real estate, currencies, and commodities. With an expense ratio of 0.90%, TDSC targets a 10% drawdown, although this is not guaranteed, differentiating it from passively managed asset allocation funds. Past performance does not guarantee future results.

ETC Cabana Target Drawdown 10 ETF (TDSC) ETF — Price, Holdings & Analysis

The ETC Cabana Target Drawdown 10 ETF (TDSC) is an actively managed asset allocation ETF with $0.13 billion in assets under management. TDSC aims for limited volatility and reduced correlation to equity markets by strategically allocating assets across equities, fixed income, real estate, currencies, and commodities. With an expense ratio of 0.90%, TDSC targets a 10% drawdown, although this is not guaranteed, differentiating it from passively managed asset allocation funds. Past performance does not guarantee future results.

ETF Overview

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes – equities, fixed income securities, real estate, currencies, and commodities. The Sub-Adviser’s target drawdown for the fund is 10%; however, there can be no assurance, and the fund, the Adviser, and the Sub-Adviser do not represent or guarantee, that this target will be maintained.

TDSC is an actively managed ETF seeking to provide investors with a diversified portfolio across multiple asset classes while limiting volatility. The fund's strategy involves allocating assets among equities, fixed income, real estate, currencies, and commodities. The ETF's top holdings reflect this diversified approach, with significant allocations to sector-specific ETFs like the State Street®HlthCrSelSectSPDR®ETF (XLV) at 14.45% and the Invesco NASDAQ 100 ETF (QQQM) at 14.17%. Fixed income exposure is achieved through holdings like the iShares 7-10 Year Treasury Bond ETF (IEF) at 13.81%. The fund also invests in commodities through the Goldman Sachs Physical Gold ETF (AAAU), which accounts for 11.74% of the portfolio. Sector allocation is heavily weighted towards Technology (26.0%), Healthcare (22.4%), and Energy (16.8%). TDSC's active management seeks to adjust these allocations based on market conditions to achieve its target drawdown. Past performance does not guarantee future results.

Risk Metrics

TDSC's risk profile is shaped by its active management and multi-asset class approach. The fund's 0.90% expense ratio is higher than passively managed ETFs, potentially creating a drag on returns, especially relative to lower-cost options. While the fund aims for diversification, its sector allocation reveals concentration risk, with significant exposure to Technology (26.0%), Healthcare (22.4%), and Energy (16.8%). A significant portion of the fund's assets are allocated to the United States (74.8%), introducing geographic concentration risk. The fund's 3-year beta of 0.74 indicates that it is less volatile than the overall market. Investors should be aware that the fund's target drawdown of 10% is not guaranteed. Past performance does not guarantee future results.

Expense Ratio

0.90%

What does TDSC hold?

Holding	Weight
State Street®HlthCrSelSectSPDR®ETF (XLV)	14.45%
Invesco NASDAQ 100 ETF (QQQM)	14.17%
iShares 7-10 Year Treasury Bond ETF (IEF)	13.81%
Goldman Sachs Physical Gold ETF (AAAU)	11.74%
State Street®EngySelSectSPDR®ETF (XLE)	11.46%
State Street®UtilSelSectSPDR®ETF (XLU)	9.87%
State Street®TechSelSectSPDR®ETF (XLK)	9.28%
iShares Select Dividend ETF (DVY)	5.18%
Vanguard High Dividend Yield ETF (VYM)	5.10%
Vanguard Mega Cap ETF (MGC)	4.72%

How Is the Fund Allocated?

Sector	Weight
Technology	26.0%
Healthcare	22.4%
Energy	16.8%
Utilities	15.9%
Communication Services	4.5%
Consumer Cyclical	4.2%
Financial Services	4.0%
Consumer Defensive	3.5%
Industrials	2.0%
Basic Materials	0.7%
Real Estate	0.1%

Country	Weight
United States	74.8%
Brazil	11.2%
Mexico	4.9%
China	2.0%
Chile	1.4%
India	1.3%
Taiwan	1.3%
Peru	0.7%
Colombia	0.4%
South Africa	0.2%

Dividend Yield

0.00%

Mindful Conservative ETF (MFUL) — 1.22% expense ratio
Elm Market Navigator ETF (ELM) — 0.26% expense ratio
Bluemonte Diversified Income ETF (BLUI) — 0.75% expense ratio
Leuthold Core Exchange Traded Fund (LCR) — 0.84% expense ratio
Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) — 2.06% expense ratio
Return Stacked Bonds & Futures Yield ETF (RSBY) — 0.98% expense ratio
Fundamentals First ETF (KNOW) — 1.09% expense ratio
Prospera Income ETF (THRV) — 1.80% expense ratio

Risk Metrics

Beta: 0.74

Questions & Answers

What is TDSC and what does it track?

TDSC, or the ETC Cabana Target Drawdown 10 ETF, is an actively managed exchange-traded fund. It does not track a specific index.

Instead, it seeks to achieve its investment objective by allocating its assets among five major asset classes: equities, fixed income securities, real estate, currencies, and commodities.

What is the expense ratio for TDSC?

The expense ratio for TDSC is 0.90%. This means that for every $10,000 invested in the fund, $90 is used to cover the fund's operating expenses annually.

While there isn't a specific category average for target drawdown ETFs, the expense ratio is higher than many passively managed asset allocation ETFs, which can have expense ratios below 0.20%.

What are the top holdings in TDSC?

As of 2026-03-15, the top holdings in TDSC are: 1) State Street®HlthCrSelSectSPDR®ETF (XLV) at 14.45%, providing exposure to the healthcare sector; 2) Invesco NASDAQ 100 ETF (QQQM) at 14.17%, representing large-cap growth stocks; 3) iShares 7-10 Year Treasury Bond ETF…

(IEF) at 13.81%, offering exposure to intermediate-term U.S.

Is TDSC a good long-term investment?

Whether TDSC is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon.

TDSC's actively managed approach and multi-asset class strategy may provide diversification and downside protection, but the 0.90% expense ratio could be a drag on long-term returns. The fund's 3-year beta of 0.74 suggests lower volatility compared to the overall market.

How does TDSC compare to similar ETFs?

TDSC differentiates itself from many asset allocation ETFs through its active management and target drawdown strategy. Many similar ETFs are passively managed, tracking a specific index with lower expense ratios.

For example, some passive asset allocation ETFs have expense ratios below 0.20%, significantly lower than TDSC's 0.90%.

Does TDSC pay dividends?

According to the latest data, TDSC has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

The fund's investment strategy, which focuses on asset allocation across various asset classes, may prioritize capital appreciation over dividend income. Investors seeking dividend income may want to consider other ETFs with a higher dividend yield. Past performance does not guarantee future results.