RVER vs. ADPV ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to Adaptiv Select ETF (ADPV)

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

$26.76

Average Daily Volume

3,253

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.80

Average Daily Volume

5,397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	ADPV
30 Days	7.83%	0.95%
60 Days	8.65%	2.83%
90 Days	4.72%	5.10%
12 Months		30.57%

0 Overlapping Holdings

	Symbol	Grade	Weight in RVER	Weight in ADPV	Overlap

RVER Overweight 9 Positions Relative to ADPV

Symbol	Grade	Weight
LYFT	D	14.47%
SOFI	D	7.09%
GOOGL	D	6.21%
CART	C	6.07%
SNAP	D	5.76%
NVDA	C	5.59%
SQ	D	5.38%
TSM	C	5.34%
AMD	C	5.28%

RVER Underweight 10 Positions Relative to ADPV

Symbol	Grade	Weight
AMCR	B	-5.81%
PPC	D	-5.59%
HBAN	B	-5.05%
VIRT	C	-4.77%
FNB	D	-4.74%
T	B	-4.71%
OWL	B	-4.7%
PLTR	C	-4.57%
KEY	C	-4.52%
NU	C	-4.51%