FNGD vs. RVER ETF Comparison

Comparison of BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes (FNGD) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

FNGD

BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes

FNGD Description

The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$17.74

Average Daily Volume

1,991,512

Number of Holdings ^*

10

* 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

$27.98

Average Daily Volume

6,977

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	FNGD	RVER
30 Days	-12.61%	3.83%
60 Days	-24.29%	10.49%
90 Days	-24.54%	14.24%
12 Months	-74.69%

4 Overlapping Holdings

	Symbol	Grade	Weight in FNGD	Weight in RVER	Overlap
	AMZN	B	9.35%	5.07%	5.07%
	GOOGL	B	8.74%	6.25%	6.25%
	NVDA	B	10.66%	3.96%	3.96%
	SNOW	C	9.1%	4.97%	4.97%

FNGD Overweight 6 Positions Relative to RVER

	Symbol	Grade	Weight
	META	C	12.53%
	TSLA	B	11.71%
	AMD	F	10.03%
	NFLX	A	9.65%
	AAPL	C	9.39%
	MSFT	D	8.84%

FNGD Underweight 11 Positions Relative to RVER

	Symbol	Grade	Weight
	LYFT	B	-11.52%
	SNAP	D	-5.93%
	ULTA	D	-5.05%
	SQ	A	-4.37%
	DKNG	B	-4.31%
	WDAY	B	-4.17%
	PINS	F	-3.94%
	TSM	B	-3.79%
	MRK	F	-3.52%
	PANW	B	-3.37%
	SMCI	F	-3.35%

FNGD: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Auto Manufacturers Consumer Electronics Media - Diversified Software - Application Software - Infrastructure Specialty Retail

Keywords: Nasdaq 100 S&P 500 Computing Mobile Devices Hyperscale Dow Jones Component Operating System Smartphones Software Work From Home Artificial Intelligence Computer Architecture Consumer Electronics Deep Learning Design Manufacturers IBD 50 Laptop Computer Online Retail Sql Streaming Services

RVER: Top Represented Industries & Keywords

Industries: Software - Application Internet Content & Information Semiconductors Specialty Retail Computer Hardware Drug Manufacturers - Major Gambling

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing Work From Home Artificial Intelligence Digital Media Dow Jones Component Games Hyperscale Mobile Devices Online Retail Smartphones Social Media Software Advertising Network Advertising Products Advertising Services Aesthetics Amines