RVER vs. BWEB ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to Bitwise Web3 ETF (BWEB)

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

BWEB

Bitwise Web3 ETF

BWEB Description

Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$58.16

Average Daily Volume

553

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	BWEB
30 Days	10.12%	20.36%
60 Days	13.20%	27.06%
90 Days	17.38%	26.77%
12 Months		64.23%

4 Overlapping Holdings

Symbol	Grade	Weight in RVER	Weight in BWEB	Overlap
MSFT	F	4.47%	1.1%	1.1%
NVDA	C	3.85%	1.52%	1.52%
SQ	B	3.81%	4.73%	3.81%
TSM	B	3.65%	1.29%	1.29%

RVER Overweight 12 Positions Relative to BWEB

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%
MRK	F	4.34%
WDAY	B	4.33%
SMCI	F	3.86%
PINS	D	3.48%
PANW	C	3.48%

RVER Underweight 24 Positions Relative to BWEB

Symbol	Grade	Weight
COIN	C	-12.44%
SHOP	B	-8.89%
RBLX	C	-6.77%
META	D	-6.48%
EQIX	A	-6.45%
HOOD	B	-4.59%
NET	B	-4.09%
U	C	-3.92%
TTWO	A	-3.82%
MARA	C	-3.79%
EA	A	-3.74%
RIOT	C	-1.97%
CLSK	C	-1.97%
AKAM	D	-1.9%
GOOG	C	-1.25%
WULF	C	-1.18%
V	A	-1.18%
XOM	B	-1.15%
MA	C	-1.14%
IREN	C	-1.03%
CIFR	B	-0.81%
APLD	A	-0.6%
BTBT	C	-0.35%
CMPO	A	-0.16%