BCDF vs. RVER ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.14

Average Daily Volume

1,466

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

$29.59

Average Daily Volume

7,723

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	RVER
30 Days	6.55%	10.12%
60 Days	8.94%	13.20%
90 Days	11.94%	17.38%
12 Months	33.59%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in RVER	Overlap

BCDF Overweight 13 Positions Relative to RVER

Symbol	Grade	Weight
CACI	D	6.6%
CBOE	B	5.72%
ICE	C	5.39%
NDAQ	A	5.1%
TW	A	4.5%
WT	B	3.82%
SAIC	F	3.52%
MKTX	D	2.8%
CME	A	1.99%
APLD	A	1.34%
DBRG	F	0.98%
BR	A	0.97%
BAH	F	0.75%

BCDF Underweight 16 Positions Relative to RVER

Symbol	Grade	Weight
LYFT	C	-9.0%
GOOGL	C	-6.26%
SNOW	C	-5.29%
SNAP	C	-5.18%
AMZN	C	-5.02%
DKNG	B	-4.84%
ULTA	F	-4.69%
MSFT	F	-4.47%
MRK	F	-4.34%
WDAY	B	-4.33%
SMCI	F	-3.86%
NVDA	C	-3.85%
SQ	B	-3.81%
TSM	B	-3.65%
PINS	D	-3.48%
PANW	C	-3.48%