BAI vs. RVER ETF Comparison

Comparison of iShares A.I. Innovation and Tech Active ETF (BAI) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

BAI

iShares A.I. Innovation and Tech Active ETF

BAI Description

Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. artificial intelligence ("A.I.") companies, technology companies and technology-related companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.54

Average Daily Volume

50,031

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

$30.35

Average Daily Volume

7,801

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BAI	RVER
30 Days	5.78%	11.96%
60 Days		13.42%
90 Days		20.52%
12 Months

6 Overlapping Holdings

Symbol	Grade	Weight in BAI	Weight in RVER	Overlap
AMZN	C	3.62%	5.02%	3.62%
GOOGL	C	2.72%	6.26%	2.72%
MSFT	D	6.72%	4.47%	4.47%
NVDA	C	9.34%	3.85%	3.85%
SNOW	C	2.08%	5.29%	2.08%
TSM	C	3.62%	3.65%	3.62%

BAI Overweight 23 Positions Relative to RVER

Symbol	Grade	Weight
META	D	6.7%
AVGO	D	4.43%
ORCL	C	3.68%
CDNS	B	3.4%
RDDT	B	3.25%
NOW	B	3.2%
COHR	C	3.04%
TSLA	B	3.01%
SAP	B	2.45%
VRT	B	2.36%
PSTG	D	2.13%
CYBR	B	2.07%
NET	B	2.05%
DDOG	A	2.04%
IOT	B	2.03%
MDB	C	1.97%
ANET	C	1.85%
MU	D	1.71%
CEG	D	1.71%
ARM	D	1.69%
TEAM	B	1.62%
APP	B	1.35%
ASML	F	1.33%

BAI Underweight 10 Positions Relative to RVER

Symbol	Grade	Weight
LYFT	C	-9.0%
SNAP	C	-5.18%
DKNG	C	-4.84%
ULTA	F	-4.69%
MRK	F	-4.34%
WDAY	C	-4.33%
SMCI	D	-3.86%
SQ	B	-3.81%
PINS	F	-3.48%
PANW	C	-3.48%