# ETF Series Solutions - Defiance Retail Kings ETF (RKNG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rkng for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Defiance · Asset class: — - Strategy: Actively Managed · Inception: 2026-01-21 RKNG is an actively managed ETF that invests in US-listed equities, including ADRs with elevated retail investor sentiment in online retail investor communities, platforms, and forums focused on stock market investing. The fund does not primarily invest in retailers as part of its principal investment strategy and can invest in small- to large-cap companies. The Adviser utilizes a proprietary retail investor sentiment model to select companies and further evaluates them for future vendor relevance, fundamental resilience, and competitive moat and intellectual property advantage. The selecte... ## Key Facts | Metric | Value | |---|---| | Price | $20.41 | | Expense Ratio | 0.79% | | Assets Under Management | $5.5M | | NAV | $22.11 | | Holdings Count | 32 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $16.55 – $30.71 | | Beta | 3.14 | ## Frequently Asked Questions ### What does RKNG invest in? RKNG is an actively managed ETF that invests in US-listed equities, including ADRs with elevated retail investor sentiment in online retail investor communities, platforms, and forums focused on stock market investing. The fund does not primarily invest in retailers as part of its principal investment strategy and can invest in small- to large-cap companies. The Adviser utilizes a proprietary retail investor sentiment model to select companies and further evaluates them for future vendor relevance, fundamental resilience, and competitive moat and intellectual property advantage. The selected companies are ranked based on a momentum score that evaluates price trend persistence, relative strength ranking, volatility-adjusted returns, and breadth and confirmation metrics. The resulting portfolio consists of 30-50 equally-weighted stocks, rebalanced at least quarterly. ### What is the expense ratio of RKNG? ETF Series Solutions - Defiance Retail Kings ETF (RKNG) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RKNG? ETF Series Solutions - Defiance Retail Kings ETF (RKNG) manages $5.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RKNG actively managed or an index fund? RKNG is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RKNG's is 0.79%) in exchange for the discretion to over- or under-weight positions. ### When was RKNG launched? ETF Series Solutions - Defiance Retail Kings ETF (RKNG) launched in January 2026 and is managed by Defiance. ### How has RKNG performed? RKNG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RKNG pay a dividend? ETF Series Solutions - Defiance Retail Kings ETF (RKNG) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RKNG pay dividends? ETF Series Solutions - Defiance Retail Kings ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RKNG's dividend yield? RKNG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RKNG's next ex-dividend date? RKNG hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will RKNG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RKNG charge its expense ratio? The expense ratio is deducted in tiny daily slices from RKNG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RKNG cost more than a fund like VOO? RKNG is actively managed (current expense ratio 0.79%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RKNG's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RKNG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RKNG (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rkng - Distribution history: https://www.dividenddata.com/funds/rkng/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rkng/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rkng/expenses - Peer comparison: https://www.dividenddata.com/funds/rkng/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.