Kingsbarn Tactical Bond ETF · AMEX:KDRN
Kingsbarn Tactical Bond ETF — Investor Presentation (September 2025)
18 slides from Kingsbarn Tactical Bond ETF's investor presentation, Sep 30, 2025
Slide 1: Kingsbarn Tactical Bond ETF (KDRN)
K D R N K ING SBARN TACT ICAL B OND E T F
Slide 2: Fund Overview
Fund Overview Objective: Kingsbarn Tactical Bond Fund (KDRN) seeks to maximize total returns Opportunity: Active Duration Management • Interest rate changes represent the dominant risk factor to traditional bond portfolios • Passively maintaining duration1 exposure within a bond portfolio makes litt
Slide 3: Consistent Outperformance
Consistent Outperformance 5 0 Total Net Return (%) -5 -10 -15 -20 12/21/21 3/21/22 6/19/22 9/17/22 12/16/22 3/16/23 6/14/23 9/12/23 12/11/23 3/10/24 6/8/24 9/6/24 12/5/24 3/5/25 6/3/25 9/1/25 Kingsbarn Tactical Bond ETF Bloomberg US Agg Total Return Chart: As of 9/30/2025. Source: Bloomberg. Cumulat
Slide 4: Flexible Core Bond Strategy
Flexible Core Bond Strategy The current environment of high volatility uniquely suits our flexible duration framework. • A proprietary macro model guides our portfolio duration positioning • Duration positioning has added over 800 bps of alpha1 since inception • ★ ★ ★ ★ ★ Morningstar Rated Intermedi
Slide 5: Performance Attribution
Performance Attribution Tactical duration positioning is primary driver of excess return generating > 800 bps of alpha1 As of: 09/30/2025; Inception 12/20/2021 2022 2023 2024 YTD ITD Alpha1 Active Duration Positioning 2.23% 5.84% 1.42% -1.32% 8.14% Core Bond Portfolio -13.10% 5.20% 1.60% 5.75% -1.62
Slide 6: Risk Management
Risk Management • Diversified core bond portfolio of low cost ETFs with deep liquidity • Duration exposure constrained within defined parameters • Use of liquid, exchange-traded futures eliminates counterparty risk • Strict stop-loss and profit-taking levels on futures positions • Systematic process
Slide 7: Duration Specialist
Duration Specialist • Our duration management technique is contrary to the majority of bond managers who view duration risk with a passive stance or through a long-term lens. • We offer a distinctive product based on our fund’s duration flexibility, position liquidity and diversified high-grade bond
Slide 8: Benefits of KDRN
Benefits of KDRN • Outsources important duration decision to experienced manager • Potential excess returns through skill-based, active management • Distinct active fixed income strategy that can exploit yield curve volatility • Portfolio structured to be uncorrelated to risk assets • May provide hi
Slide 9: Appendix
APPENDIX 9
Slide 10: Performance Review
Performance Review As of: 09/30/2025; Inception 12/20/2021 1M 3M 6M YTD 1YR ITD (A) ITD (C) Kingsbarn Tactical Bond MKT 0.52% 0.95% 0.84% 4.08% 0.81% 0.62% 2.40% Kingsbarn Tactical Bond NAV 0.47% 1.01% 0.88% 3.64% 0.66% 0.63% 2.45% Bloomberg US Aggregate Bond Index 1.09% 2.03% 3.26% 6.13% 2.88% -0.3
Slide 11: KDRN Allocations versus Benchmark
KDRN Allocations versus Benchmark 20% Index KDRN Duration 14% 20% 20% 20% Investment Grade Corp Bonds (LQD) 35% 20% Mortgage Bonds (MBB) + 5.3 Years 6% 45% 54% Treasury Bonds (IEF, SGOV, TIP) 6% Futures – Active Duration Position ± 5.0 years 20% 20% Index: Bloomberg U.S. Aggregate Bond Index As of 9
Slide 12: Factors Driving Duration Positioning
Factors Driving Duration Positioning Our Duration Model assesses a broad set of uncorrelated predictive factors: ECONOMIC INFL ATION FED POLICY VALUAT ION TECHNICALS Are real-time Are price levels Is current policy Are current levels Is current bond measures of the accelerating or restrictive or hig
Slide 13: Duration Parameters versus Benchmark
Duration Parameters versus Benchmark • KDRN employs a flexible duration mandate; actively managed seeking to generate excess returns Bloomberg Aggregate Bond Index Kingsbarn Tactical Bond Duration Range (years) 0 1 2 3 4 5 6 7 8 9 10 11 Overlay: Max Short Futures Overlay: Max Long Futures • Duration
Slide 14: Duration Parameters (±5 Year Active Duration Overlay)
Duration Parameters (±5 Year Active Duration Overlay) Forecasted Excess Bond Return -3.0% -2.0% -1.0% 0.0% +1.0% +2.0% +3.0% There are two attributes to our tactical interest rate forecast: DIRECTION: HIGHER RATES DIRECTION: LOWER RATES SHORT 10 YEAR TREASURY FUTURE LONG 10 YEAR TREASURY FUTURE 1. D
Slide 15: Final Thoughts
Final Thoughts • Passively maintaining duration risk within a bond portfolio makes little sense in a world where risks, and opportunity, are skewed and highly transient. • Funds that adopt a flexible duration mandate will be better positioned to mitigate risks and capitalize on opportunities in the
Slide 16: Disclosures: operational issues with futures and Morningstar rating
Due to operational issues, KDRN’s portfolio did not include any 10-year U.S. treasury futures from the Fund’s inception (12/20/2021) until May 6, 2022 which negatively impacted the Fund’s NAV. Subsequent to May 6, 2022, U.S. treasury futures have been utilized for actively managing the Fund’s durati
Slide 17: Sharpe Ratio definition and disclosures
Sharpe Ratio: A measure for calculating risk-adjusted return. The Sharpe ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. Sharpe ratio = (Mean portfolio return − Risk-free rate)/Standard deviation of portfolio return. For Sharpe Ratio calculati
Slide 18: Kingsbarn Capital Management
Kingsbarn Capital Management 1645 Village Center Circle, Suite 200 Las Vegas, NV 89134
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