ABEQ vs. RVER ETF Comparison

Comparison of Absolute Core Strategy ETF (ABEQ) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.85

Average Daily Volume

5,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RVER

Advisor Managed Portfolios Trenchless Fund ETF

RVER Description

RVER seeks to outperform the S&P 500 Index over all time horizons through a narrow exposure to the US equity market. The fund typically invests in approximately 12 to 30 US-listed stocks of any market capitalization. The portfolio construction starts by screening companies based on valuation metrics such as free cash flow, net income, EBITDA, and revenue. Securities are then assessed using growth factors, including top and bottom-line revenue and net income growth. This analysis seeks to exclude firms with negative outliers and those the sub-adviser believes are likely to miss earnings expectations. The remaining companies are screened based on a review of the number and size of institutional holders. After these three initial screens, the sub-adviser ranks and selects from the remaining companies based on its view of positive price change potential. As an actively managed fund, the sub-adviser has full discretion to make buy, sell, and hold decisions at any time.

Grade (RS Rating)

Last Trade

$29.30

Average Daily Volume

7,443

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ABEQ	RVER
30 Days	-0.61%	7.79%
60 Days	0.76%	12.17%
90 Days	1.75%	16.22%
12 Months	19.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in ABEQ	Weight in RVER	Overlap
	MRK	D	1.65%	4.34%	1.65%

ABEQ Overweight 18 Positions Relative to RVER

Symbol	Grade	Weight
BRK.A	B	11.57%
L	A	6.67%
UL	D	6.26%
MDT	D	4.54%
DD	C	4.13%
TRV	B	3.91%
CMCSA	B	3.85%
EOG	A	3.58%
CSCO	B	3.39%
CTVA	C	2.86%
IFF	D	2.31%
HSY	F	1.95%
DEO	F	1.74%
CME	B	1.25%
HON	C	1.11%
EQC	B	1.02%
VZ	C	0.98%
GEHC	D	0.97%

ABEQ Underweight 15 Positions Relative to RVER

Symbol	Grade	Weight
LYFT	C	-9.0%
GOOGL	C	-6.26%
SNOW	B	-5.29%
SNAP	D	-5.18%
AMZN	C	-5.02%
DKNG	B	-4.84%
ULTA	F	-4.69%
MSFT	D	-4.47%
WDAY	B	-4.33%
SMCI	F	-3.86%
NVDA	B	-3.85%
SQ	A	-3.81%
TSM	B	-3.65%
PINS	F	-3.48%
PANW	B	-3.48%