CLSM

CLSM is an actively managed fund-of-funds that allocates its exposure based on economic conditions and market outlook for five broad asset classes: equities, fixed income, real estate, currencies, and commodities. Equities include both domestic and foreign companies, including emerging markets. Fixed income securities have no restrictions in maturity, quality, or duration. The sub-adviser uses a proprietary algorithm that combines fundamental economic and technical price data to identify investments in sectors that appear to be attractive based on the current business cycle. The fund can also allocate across less-/non-correlated assets to manage volatility or any potential market declines. The fund utilizes a moderate investment style, meaning it will seek a balance between capital preservation and growth. On January 8, 2024, the fund acquired all assets and liabilities of Cabana Target Leading Sector Aggressive ETF (ticker: CLSA) and Cabana Target Leading Sector Conservative ETF (ticker: CLSC), which had $39 million and $24 million in assets, respectively.