ETF Evaluator:
Kingsbarn Dividend Opportunity ETF ()
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(as of Aug 26)
Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
Risk
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Risk
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ETF Details
Kingsbarn Dividend Opportunity ETF Overview
Kingsbarn Dividend Opportunity ETF (DVDN) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). Kingsbarn Capital launched the ETF in 2023.
The investment seeks current income while maintaining prospects for capital appreciation.
The fund seeks to achieve its investment objective by investing, under normal market circumstances, at least 80% of its net assets in dividend-paying companies. The adviser intends to invest a substantial portion of its assets in publicly listed equity securities of U.S. mortgage REITs and business development companies that invest in residential and commercial loans and securities, business loans to private companies, and various types of derivatives for both investment and risk management purposes. The fund is non-diversified.
About Kingsbarn Dividend Opportunity ETF (DVDN)
There are 2 members of the management team with an average tenure of 2.75 years: Ignatius Chiang (2023) and James Fowler (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Kingsbarn Dividend Opportunity ETF has 17 securities in its portfolio. The top 10 holdings constitute 66.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Kingsbarn Dividend Opportunity ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Kingsbarn Dividend Opportunity ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.7% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Kingsbarn Dividend Opportunity ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DVDN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Kingsbarn Dividend Opportunity ETF expense ratio is high compared to funds in the Real Estate category. Kingsbarn Dividend Opportunity ETF has an expense ratio of 1.65%, which is 236% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Kingsbarn Dividend Opportunity ETF has a portfolio turnover rate of 1429%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, Kingsbarn Dividend Opportunity ETF returned -4.3%, which earned it a grade of F, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Kingsbarn Dividend Opportunity ETF has a trailing yield of 15.52%, which is above the 4.13% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Kingsbarn Dividend Opportunity ETF Grades
Year to date, the ETF has returned -13.3%, 28.0 percentage points worse than the category, which translates into a grade of F. The fund has returned -19.7% over the past year (grade of F).
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DVDN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DVDN Return (NAV) | -4.3% | -10.3% | -19.7% | na | na | na |
| DVDN Return (Price) | -4.4% | -10.4% | -19.7% | na | na | na |
| NAV +/- Price Return | 0.070% | 0.161% | -0.055% | na | na | na |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| DVDN Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -5.5% | -13.9% | -37.1% | na | na | na |
| DVDN Tax-Cost Ratio | na | na | 5.1% | na | na | na |
DVDN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DVDN Return (NAV) | -13.3% | -16.9% | 2.1% | na | na | na | na | na | na | na | na |
| DVDN Return (Price) | -13.2% | -16.2% | 1.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | -0.043% | -0.528% | na | na | na | na | na | na | na | na |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| DVDN Grade (NAV) | F | F | D | na | na | na | na | na | na | na | na |
| +/- Category | -28.0% | -19.1% | -3.0% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 15.5% |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | 1429.3% |
| Expense Ratio: | 1.65% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.8 years | |||
| Average Tenure: 2.8 years | |||
| Managers (Year): Chiang Ignatius (2023), Fowler James (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 17 |
| % in Top 10 Holdings: | 66.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 95.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 4.3% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Kingsbarn Capital |
| Phone Number: | 866-788-7878 |
| Website: | |
| Inception Date: | November 1, 2023 |
Expenses and Fees
| Expense Ratio (%): | 1.65% (Rating: High) |
| Category Average Expense Ratio (%): | 0.49% |
