DVDN Fees and Costs — Kingsbarn Dividend Opportunity ETF
Data updated: 2026-09-25
The net expense ratio is 1.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $105K in broker commissions, 4.7353% of average net assets, and portfolio turnover was 1429%.
DVDN Fees and Expenses
Annual operating expenses and sales charges of DVDN. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DVDN Costs Over Time
On $10,000 invested in DVDN, assuming 5% a year before costs, total costs come to $3,587 over 5 years, cutting the return by 6.70% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.65%) | $173 | $511 | $837 |
| Trading costs (broker commissions) | $497 | $1,466 | $2,403 |
| Lost growth on money paid in costs | $0 | $102 | $347 |
| Total costs | $670 | $2,079 | $3,587 |
| Value after costs | $9,830 | $9,497 | $9,176 |
| Impact on return, per year | 6.70% | 6.70% | 6.70% |
DVDN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 4.7353%
- Total broker commissions: $105K
- Bought from dealers (principal trades, not a cost): $3.8M
- Portfolio turnover (prospectus): 1429%
- Securities lending: none during the year
DVDN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $105K | 100.00% |
DVDN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.4M | 89.02% |
| BofA Securities, Inc. | $417K | 10.98% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.