Kingsbarn Tactical Bond ETF
KDRN
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- Kingsbarn Tactical Bond ETF (KDRN) is an actively managed exchange-traded fund that seeks to maximize after-tax total returns while maintaining a diversified high-grade bond portfolio. The fund invests primarily in a core portfolio of low-cost, liquid fixed-income exchange-traded funds (ETFs) focusing on investment-grade corporate bonds, mortgage-backed securities, U.S. Treasury bonds, Treasury Inflation-Protected Securities (TIPS), and asset-backed securities; it tactically adjusts duration exposure through derivatives, including futures contracts on 10-year U.S. Treasury notes, with active duration bounded at plus or minus five years relative to the core to generate excess returns in varying interest rate environments. Key holdings as of late 2025 include the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), iShares MBS ETF (MBB), iShares 7-10 Year Treasury Bond ETF (IEF), iShares TIPS Bond ETF (TIP), and cash equivalents for futures collateral. KDRN operates within the intermediate core-plus bond segment, targeting investors seeking fixed-income exposure with active management of credit and duration risks uncorrelated to equities; its proprietary duration model incorporates economic growth indicators, inflation metrics, Federal Reserve policy signals, bond valuation thresholds, and market technicals to guide monthly adjustments. The fund trades on NYSE Arca and serves global markets through U.S.-listed securities, with a focus on high-grade, U.S. dollar-denominated fixed-rate taxable bonds. Launched on December 20, 2021, and sponsored by Kingsbarn Capital Management, LLC, headquartered in Las Vegas, Nevada, the ETF is part of a broader suite of investment products from the firm. In October 2025, Kingsbarn permanently reduced the management fee from 1.25% to 0.50%, lowering total gross operating expenses to 0.64%, with a contractual fee waiver to 1.06% until March 31, 2026; this followed earlier waivers and reflects ongoing efforts to enhance competitiveness amid assets under management of approximately $1.2 million. The fund earned a five-star Morningstar rating in the intermediate core-plus bond category based on three-year risk-adjusted returns as of September 30, 2025. No major acquisitions, partnerships, or structural reorganizations have been reported for KDRN or its sponsor in the last 1-2 years.