RVER vs. MOON ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to Direxion Moonshot Innovators ETF (MOON)

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

MOON

Direxion Moonshot Innovators ETF

MOON Description

The Direxion Moonshot Innovators ETF offers exposure to the 50 most innovate US companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation, and having the potential to disrupt existing technologies and/or industries. These 50 companies selected for inclusion are deemed to have the highest "early-stage composite innovation scores" and the they span themes and emerging sectors such as smart transportation, clean power, and the human evolution. The early stage composite score is based on a company’s "allocation to innovation" and "innovation sentiment" score.

Grade (RS Rating)

Last Trade

$10.33

Average Daily Volume

18,830

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	MOON
30 Days	3.90%	8.34%
60 Days	12.66%	1.77%
90 Days	2.86%	16.07%
12 Months		-26.00%

1 Overlapping Holdings

	Symbol	Grade	Weight in RVER	Weight in MOON	Overlap
	SNAP	D	5.76%	2.31%	2.31%

RVER Overweight 8 Positions Relative to MOON

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

RVER Underweight 9 Positions Relative to MOON

Symbol	Grade	Weight
S	D	-2.57%
VRNS	C	-2.49%
CYBR	C	-2.41%
BILI	A	-2.37%
ROKU	D	-2.35%
RNA	A	-2.35%
GOEV	F	-2.32%
ASAN	F	-2.32%
DBX	C	-2.29%