BEDZ vs. RVER ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

BEDZ

AdvisorShares Hotel ETF

BEDZ Description

The investment seeks long-term capital appreciation. The fund is an actively ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the hotel business. It may also invest in companies involved in other lodging and travel-related services. The fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and ?ADRs. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.46

Average Daily Volume

423

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

$25.98

Average Daily Volume

3,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	RVER
30 Days	3.39%	3.90%
60 Days	12.01%	12.66%
90 Days	6.35%	2.86%
12 Months	22.83%

0 Overlapping Holdings

	Symbol	Grade	Weight in BEDZ	Weight in RVER	Overlap

BEDZ Overweight 22 Positions Relative to RVER

Symbol	Grade	Weight
TCOM	B	6.07%
NCLH	C	5.8%
RCL	C	5.53%
BYD	C	5.09%
MCRI	B	4.99%
BKNG	C	4.93%
WH	C	4.79%
XHR	C	4.6%
INN	B	4.56%
EXPE	B	4.56%
PK	D	4.48%
TH	F	4.46%
APLE	D	4.34%
VICI	C	4.34%
IHG	C	4.29%
RHP	C	4.19%
HST	D	4.13%
MAR	B	4.04%
MGM	D	3.59%
HLT	B	2.94%
GLPI	B	2.9%
H	C	2.43%

BEDZ Underweight 9 Positions Relative to RVER

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

BEDZ: Top Represented Industries & Keywords

Industries: REIT - Hotel & Motel Lodging Leisure Resorts & Casinos REIT - Diversified Conglomerates Travel Services