Core Insights - Cabana Target Drawdown 7 ETF (TDSB) aims for long-term growth while adhering to a predefined drawdown parameter through a rules-based, actively managed fund-of-funds strategy [1] - The strategy employs a proprietary cyclical reallocation process to adjust allocations among various asset classes, including equities, fixed income, real assets, commodities, and currencies, while also incorporating non-correlated or inverse exposures during periods of heightened risk [1] - TDSB is designed to provide a lower-beta, income-aware profile that mitigates peak-to-trough losses while still allowing for participation in market recoveries, although it may underperform during rapid equity rallies or sudden factor reversals [1] Use Cases - The ETF is suitable for multi-asset allocators who are concerned about sequence-of-returns risk and for advisors creating time-segmented retirement buckets that prioritize loss control [1] - TDSB is particularly favored in late-cycle or risk-off market conditions and can enhance portfolio performance when there is increased dispersion across asset classes [1] Key Risks - A significant risk to monitor is the reliance on the proprietary model and the trading it generates, which may lead to implementation slippage and turnover costs [1]