Kingsbarn Tactical Bond ETF (KDRN)
Actively Managed Solution
The Kingsbarn Active Duration Fixed Income ETF is uniquely positioned to help solve for both credit and duration risk, giving the flexibility to navigate challenging markets to find opportunities.
Core Diversified Credit Portfolio
- Diversified portfolio to minimize idiosyncratic risk and to navigate a variety of market conditions
- Large allocation to high-grade credit to maintain portfolio diversification attribute
- Core of large, liquid, and cost-effective fixed income ETFs
- Potential to provide excess returns during periods of increased credit market volatility
Active Duration Positioning
- Interest Rate agnostic, seeking to protect in both a rising or declining interest rate environment.
- Active duration risk pre-determined and bound at ±10 years
- Duration adjustment efficiently executed through the use of Treasury Futures
- Potential for tax-efficient distributed income
Diversified High Grade Credit Core
Core Strategies
KDRN utilizes a diversified core of bonds which provide the portfolio exposure to a differentiated mix of credit, duration, and yield. The core investments are selected based on historical track record, fee structure, AUM, and liquidity in the market. The main goal of KDRN’s Core is to manage credit risk through diversification. In turn, we believe the Core can provide KDRN with improved market beta with lowered volatility.
*Holdings subject to change without notice.
Duration Management
KDRN generates active duration determinations through predicting changes in long-term interest rates. Through a diversified, multi-dimensional set of bond market predictors KDRN’s duration exposure is adjusted monthly based on a proprietary investment framework that monitors a variety of interest rate predictors including macroeconomic data, bond market valuation metrics and technical factors.
KDRN Active Duration Framework: Increase duration exposure during periods of low and deteriorating rates of economic growth / inflation, and/or undervalued bond prices.
KDRN Active Duration Framework: Decrease duration exposure during periods of high and strengthening rates of economic growth / inflation, and/or overvalued bond prices
Performance As Of 10/31/24 • Inception Date: 12/20/21
Since Inception | |||||||
---|---|---|---|---|---|---|---|
Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | Cumulative | Annualized |
KDRN MKT |
-1.18% |
1.18% |
4.68% |
3.30% |
9.96% |
0.12% |
0.14% |
KDRN NAV |
-1.19% |
1.14% |
4.80% |
3.73% |
10.38% |
0.19% |
0.54% |
Performance As Of 09/30/24 • Inception Date: 12/20/21
Since Inception | |||||||
---|---|---|---|---|---|---|---|
Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | Cumulative | Annualized |
KDRN MKT |
2.21% |
4.40% |
5.05% |
4.54% |
10.31% |
0.55% |
1.34% |
KDRN NAV |
1.96% |
4.41% |
5.42% |
4.98% |
10.65% |
0.63% |
1.75% |
Kingsbarn Capital Management has contractually agreed to waive its management fee to an annual rate of 1.39% of the daily net assets of the Fund until March 31, 2025, and the Advisor may not terminate this agreement prior to that date. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (800) 242-1000. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, quarterly. There is no guarantee these distributions will be made.
PERFORMANCE DATA
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 800-242-1000. Shares are bought and sold at market price, not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 800.242.1000 or visit our website at KingsbarnCapital.com. Read the prospectus or summary prospectus carefully before investing. Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may be only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.
Fund risks: When the Fund invests in Underlying Bond Funds, it is subject to the risks associated with those investment companies, (such as the risk that the fund will be concentrated in a particular issuer, market, industry or sector, and therefore will be especially susceptible to loss due to adverse occurrences affecting that issuer, market, industry or sector). Underlying Bond Funds incur operating expenses that are separate from those of the Fund. As a result, the Fund’s shareholders will indirectly bear a proportionate share of the operating expenses of the Underlying Bond Funds, in addition to Fund expenses. While fixed-income securities normally fluctuate less in price than stocks, there have been extended periods of increases in interest rates that have caused significant declines in fixed income securities prices. Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investmentgrade securities. The Fund will use derivative instruments such as futures contracts and the Underlying Bond Funds may use derivative instruments such as swaps, foreign currency exchange forward contracts, futures contracts and options on futures contracts. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. To the extent the Fund invests in in Underlying Bond Funds that invest in foreign securities, it may be subject to additional risks not typically associated with investments in domestic securities. The fund is effective as of 11/15/21, but not available for trading until 12/21/21. Foreside Fund Services, LLC. Distributor.