RVER vs. OND ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to ProShares On-Demand ETF (OND)

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

$27.08

Average Daily Volume

5,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OND

ProShares On-Demand ETF

OND Description

ProShares On-Demand ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies that provide on-demand platforms and services to consumers such as console games software, fitness and exercise equipment, food delivery services, general entertainment content providers and sites, handheld and smart phone games software, home and office virtual reality software, media download and streaming digital content sites, mobile platform applications software, multi-type passenger transportation, online game websites and software, other games software, other media equipment manufacturing, video multimedia semiconductors, virtual reality design and engineering software and virtual reality equipment sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. It seeks to track the performance of the FactSet On-Demand Index, by using full replication technique. ProShares On-Demand ETF was formed on October 26, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.13

Average Daily Volume

222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	OND
30 Days	5.00%	-0.87%
60 Days	8.29%	11.72%
90 Days	17.43%	18.75%
12 Months		57.83%

4 Overlapping Holdings

Symbol	Grade	Weight in RVER	Weight in OND	Overlap
AMD	F	3.44%	3.55%	3.44%
LYFT	C	16.84%	3.41%	3.41%
NVDA	B	4.05%	4.51%	4.05%
SNAP	B	6.23%	2.55%	2.55%

RVER Overweight 12 Positions Relative to OND

Symbol	Grade	Weight
GOOGL	A	6.15%
ULTA	C	5.15%
SNOW	C	4.99%
AMZN	A	4.86%
SQ	B	4.52%
DKNG	F	4.42%
WDAY	F	4.27%
TSM	B	4.13%
PANW	B	3.41%
SMCI	F	3.32%
PINS	C	3.1%
SOFI	A	0.59%

RVER Underweight 10 Positions Relative to OND

Symbol	Grade	Weight
DASH	A	-5.25%
SPOT	A	-4.73%
NFLX	A	-4.55%
RBLX	A	-4.53%
UBER	C	-4.37%
GRAB	B	-4.34%
BILI	A	-4.13%
EA	A	-4.09%
TTWO	A	-3.79%
AMBA	B	-1.6%

RVER: Top Represented Industries & Keywords

Industries: Software - Application Internet Content & Information Semiconductors Specialty Retail Computer Hardware Credit Services Gambling