RVER vs. ARVR ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to First Trust Indxx Metaverse ETF (ARVR)

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

$29.30

Average Daily Volume

7,443

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARVR

First Trust Indxx Metaverse ETF

ARVR Description

The investment seeks to provide investment results that, before fees and expenses, track the price return performance of the EQM Tactile AR/VR Virtual Technology Index. The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that are expected to benefit from the increased adoption of augmented reality ("AR") and virtual reality ("VR") technologies. The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the index concentrates in an industry or group of industries. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.42

Average Daily Volume

1,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	ARVR
30 Days	7.79%	2.64%
60 Days	12.17%	5.26%
90 Days	16.22%	4.74%
12 Months		17.77%

4 Overlapping Holdings

Symbol	Grade	Weight in RVER	Weight in ARVR	Overlap
MSFT	D	4.47%	3.09%	3.09%
NVDA	B	3.85%	3.26%	3.26%
SNAP	D	5.18%	3.08%	3.08%
TSM	B	3.65%	3.1%	3.1%

RVER Overweight 12 Positions Relative to ARVR

Symbol	Grade	Weight
LYFT	C	9.0%
GOOGL	C	6.26%
SNOW	B	5.29%
AMZN	C	5.02%
DKNG	B	4.84%
ULTA	F	4.69%
MRK	D	4.34%
WDAY	B	4.33%
SMCI	F	3.86%
SQ	A	3.81%
PINS	F	3.48%
PANW	B	3.48%

RVER Underweight 19 Positions Relative to ARVR

Symbol	Grade	Weight
RBLX	C	-3.79%
TTWO	A	-3.58%
ZM	C	-3.55%
EA	A	-3.52%
NFLX	A	-3.49%
APH	A	-3.38%
INTC	C	-3.25%
ADBE	C	-3.1%
TXN	C	-3.08%
AAPL	C	-3.04%
SNPS	B	-3.03%
SONY	B	-2.98%
QCOM	F	-2.95%
META	D	-2.94%
MU	D	-2.82%
AMD	F	-2.54%
MCHP	F	-2.52%
TDOC	C	-1.18%
U	C	-1.01%