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KDRN

GradeDNew York Stock Exchange Arca

Kingsbarn Tactical Bond ETF

Core US Bond · Kingsbarn · Inception 2021-12-19 · SEC filings

$22.47−0.17 (−0.74%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Dec 21, 2021.
Intraday session: down, 31 prints from 22.64 to 22.47. Range 22.46 to 22.59. Use the arrow keys to read each point.$22.45$22.50$22.55$22.6010 AM12 PM2 PM4 PM
Expense ratio
0.57%
Fund size
$1M
1Y return
+0.6%
Yield · Last 12 months
3.37%
Holdings
8
Volume · 30D
0M sh
NAV per share
$22.84
52W range
low $22.81high $23.72

The ETF.net KDRN Grade

D

27/ 100

Rank 29 of 29 in Global Aggregate Bond (Unhedged)

Confidence High

Six-pillar profile for KDRN. Scores out of 100: Cost 4, Risk 40, Mission 64, Tradability 0, Holdings 30, Durability 31. Strongest: Mission (64). Weakest: Tradability (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 27 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned27This cap took0Published score27 Grade D
  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    Category rank28/29 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 64
    Category rank21/27 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank19/29 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank29/29 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 30
    Category rank24/29 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 31
    Category rank26/29 · bottom quartile

Graded as of Sep 22, 2026

Our read on KDRN

ETF.net Research

DMost core bond ETFs pick a duration and live with it. Kingsbarn runs a fund of bond ETFs with a 10-year Treasury futures overlay, so an active manager can dial interest-rate exposure up or down in pursuit of total return.

Stated mandate

The Fund seeks to maximize total return.

Why people hold it

  1. 01Rate exposure is a dial, not a setting: it holds underlying bond ETFs and layers on 10-year Treasury futures, a lever the index trackers in this aisle don't pull.
  2. 02The mandate is short and global: maximize total return, actively managed, with no benchmark's bond mix to copy.
  3. 03A standard 1940 Act ETF wrapper with a live record back to its 2021 launch, and it distributes quarterly.

Worth knowing

  1. 01The tactical overlay carries a tactical price tag: 1.06% a year, against 0.03% at index-tracking core bond rivals like BND, SPAB and SCHZ.
  2. 02Small and lightly traded, so spreads and fills can be less friendly than in the category's household-name funds.
  3. 03Futures plus active calls mean returns can drift from the broad bond market in either direction, and it currently sits in the lower tier of its aggregate-bond peer group.

KDRN Holdings

As of Sep 20, 2026, 10:16 AM
Asset class
Bonds
Holdings
8
Top-10 weight
100%
Largest holding
IGSB22.9%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IGSBISHARES 1-5Y INV GRADE CORP22.91%5,086$262K5
002SPIBSPDR PORTFOLIO INTERMEDIATE TE SPDR PORTFOLIO INTERMEDIATE22.81%7,986$261K2
003SPHYSPDR PORTFOLIO HIGH YIELD11.44%5,688$131K16
004MBBISHARES MBS ETF11.39%1,421$130K15
005MTBASIMPLIFY MBS ETF11.26%2,696$129K3
006CASH AND CASH EQUIVALENTS7.19%82,335$82K120
007IEFiShares 7-10 Year Treasury Bond ETF6.98%876$80K9
008VGSHVANGUARD SHORT-TERM GOV BND6.03%1,197$69K8

Showing 1–8 of 8 holdings

KDRN Performance

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

KDRN$10,063
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. KDRN $10,063. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 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 KDRN. Periods over one year show the average yearly return.
PeriodKDRN
Year to date+0.1%
1 month−0.8%
3 months−1.1%
1 year+0.6%
3 years+3.5%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper 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 KDRN
YearReturn barKDRN
2026 YTD+0.1%
2025+4.7%
2024+1.3%
2023+10.1%
2022−12.0%
2021+0.1%

History from Dec 21, 2021

KDRN in the news

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

KDRN 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.
3.37%Last 12 months
Payout per share
$0.77Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 18 payments from 2022 to 2026 YTD. Mar 25, 2022 $0.09; Jun 24, 2022 $0.12; Sep 26, 2022 $0.15; Dec 27, 2022 $0.09; Mar 27, 2023 $0.06; Jun 26, 2023 $0.20; Sep 26, 2023 $0.17; Dec 26, 2023 $0.23; Mar 26, 2024 $0.03; Jun 25, 2024 $0.19; Sep 26, 2024 $0.16; Dec 24, 2024 $0.28; Mar 26, 2025 $0.0098; Jun 25, 2025 $0.18; Sep 24, 2025 $0.17; Dec 24, 2025 $0.23; Mar 25, 2026 $0.15; Jun 24, 2026 $0.23. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 25, 2026$0.23
Mar 25, 2026Mar 26, 2026$0.15
Dec 24, 2025Dec 26, 2025$0.23
Sep 24, 2025Sep 25, 2025$0.17
Jun 25, 2025Jun 26, 2025$0.18
Mar 26, 2025Mar 27, 2025$0.0098
Dec 24, 2024Dec 26, 2024$0.28
Sep 26, 2024Sep 27, 2024$0.16
Jun 25, 2024Jun 26, 2024$0.19
Mar 26, 2024Mar 28, 2024$0.03
Dec 26, 2023Dec 28, 2023$0.23
Sep 26, 2023Sep 28, 2023$0.17

KDRN Risk

How much the fund’s monthly returns vary, scaled to a year.
4.8%
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.
−0.29
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.
−15.3%
57 months · trough Oct 2022
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.
0.76
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.

KDRN Cost

Expense ratio0.57%
  • The middle half of Global Aggregate Bond (Unhedged) funds
  • Median 0.41%

22 of the 27 Global Aggregate Bond (Unhedged) funds charge less.

KDRN costs $57.00 a year on $10,000. The median Global Aggregate Bond (Unhedged) fund costs $41.00.