NETL vs. RVER ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to Advisor Managed Portfolios Trenchless Fund ETF (RVER)

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.78

Average Daily Volume

12,417

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

$25.79

Average Daily Volume

3,933

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETL	RVER
30 Days	0.84%	3.14%
60 Days	5.25%	11.84%
90 Days	16.52%	2.11%
12 Months	34.26%

0 Overlapping Holdings

	Symbol	Grade	Weight in NETL	Weight in RVER	Overlap

NETL Overweight 20 Positions Relative to RVER

Symbol	Grade	Weight
WPC	C	8.2%
NNN	A	8.04%
O	A	7.93%
VICI	C	7.76%
STAG	D	7.59%
IIPR	C	4.23%
EPRT	C	4.17%
GOOD	A	4.08%
EPR	C	4.07%
BNL	C	4.01%
ADC	B	4.01%
GTY	C	3.96%
GNL	D	3.93%
NTST	D	3.87%
LXP	D	3.85%
OLP	C	3.74%
FCPT	C	3.59%
PSTL	C	3.49%
GLPI	A	3.34%
PINE	C	1.64%

NETL Underweight 9 Positions Relative to RVER

Symbol	Grade	Weight
LYFT	D	-14.47%
SOFI	C	-7.09%
GOOGL	B	-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%